American discount department store chain from 1908 to 2020
Stein Mart Inc.
Industry
Retail (Department stores)
Founded
1908; 116 years ago (1908) Greenville, Mississippi, U.S.
Founder
Sam Stein
Defunct
2020; 4 years ago (2020) (retail stores only)
Fate
Chapter 11 bankruptcy protection in 2020, in response to the COVID-19 pandemic and relaunched as Stein Mart Online Inc
Headquarters
1200 Riverplace Blvd. Jacksonville, Florida, U.S.
Number of locations
283 (March 2019)
Key people
Jay Stein (Chairman) David Hunt Hawkins (CEO) Gregory W. Kleffner (EVP, Finance and CFO) MaryAnne Morin (President)
Products
Boutique, apparel, footwear, linens, and home decor
Revenue
US$1.36 billion (2016)
Operating income
US$3.57 million (2016)
Net income
US$401,000 (2016)
Total assets
US$527.85 million (2016)
Total equity
US$70.26 million (2016)
Owner
Retail ECommerce Ventures
Number of employees
11,000 (2017)
Website
www.steinmart.com
Stein Mart is an American discount men's and women's online retailer & former department store chain based in Jacksonville, Florida. Stein Mart had locations primarily in the Southeast, Texas, and California. Stein Mart stores sold recent trends in clothing for both men and women. Additionally, home decor, accessories, and shoes were all available at discounted prices.
In August 2020, the company announced that it had filed for Chapter 11 bankruptcy due to the COVID-19 pandemic, and that it planned to close all of its 279 stores.[1] Stein Mart continues to operate as an online retailer, which is not related to the former company.
On March 2, 2023, Retail Ecommerce Ventures, Stein Mart's current parent, announced that it was mulling a possible bankruptcy filing.[2]
^Valinsky, Jordan (August 12, 2020). "Stein Mart files for bankruptcy and will close most of its 300 stores". CNN. Retrieved 2020-08-12.
^"Owner of RadioShack, Pier 1 in danger of bankruptcy". New York Post. March 2, 2023. Retrieved March 2, 2023.
SteinMart is an American discount men's and women's online retailer & former department store chain based in Jacksonville, Florida. SteinMart had locations...
subsequently, Proffitt's sold all of its area stores to Dillard's in 1998. SteinMart was also added as an anchor next to Uptons in the mid-1990s. By the mid-1990s...
including J. Crew, Century 21, Neiman Marcus, Lord & Taylor, Stage Stores, SteinMart, JCPenney, Tuesday Morning, and Pier 1 Imports. The most productive retailers...
replaced by an Uptons, which closed in 1999, then it became Burlington. SteinMart was added in the early 1990s, replacing a portion of a mall wing which...
Gayfers anchor in 2010. Goody's closed in 2009 and was converted into SteinMart in 2011. In 2014, the Garden Ridge anchor store was rebranded into At...
spaces were converted into a SteinMart that opened in 1995. A movie theatre was added in 1970, and closed in 2014. SteinMart closed October 26, 2020, following...
filed bankruptcy. A year later, SteinMart leased a majority of the space previously occupied by Jamesway. SteinMart's South Mall location represented...
mall corridor, was vacant until SteinMart moved in. In 2013, Furniture Warehouse moved into the former original SteinMart location. Steve and Barry's opened...
Mervyn's, and several additional stores and a food court. Clothing store SteinMart and Sam Goody later opened in the Wellan's space. In honor of the mall's...
including major anchors like Kmart and JCPenney, as well as junior anchors SteinMart and Books-A-Million. The opening of a Walmart Supercenter in Garden City...
were mistakenly labeled as Adrienne Vittadini items before being sold to SteinMart. G-III Apparel Group, the company that licenses Ivanka Trump brand clothing...
started construction in the former J.M. McDonald/Service Merchandise/SteinMart/Steve & Barry's/Mattress Hub Superstore/Wright Career College/Glow Golf...
(now known as just Burlington) replaced the former "Festival" wing, and SteinMart entered Ohio with a temporary outlet store in the space previously occupied...
Airways Space Coast Credit Union SpaceX launch facilities Spirit Airlines SteinMart Suncoast Credit Union Swisher International Group Tech Data TECO Energy...
Financial, Rayonier Advanced Materials, Interline Brands, Haskell, FIS, and SteinMart. The site of modern Downtown Jacksonville originated at a crossing of...
and was replaced with a Hobby Lobby crafts store in 1999. Also in 1997, SteinMart added its first central Illinois location to the middle of the mall, while...
added to the mall. McCrory left the mall in 1994 and was replaced by SteinMart the following year. In 1998, Morrison's Cafeteria became Piccadilly Cafeteria...
August 12, 2020, SteinMart filed for Chapter 11 bankruptcy due to the COVID-19 pandemic. Later, it was announced that all SteinMart locations would be...
opened in 2069. SteinMart closed numerous stores including the Thruway location in 2020. O2 Fitness Clubs moved into the SteinMart space in September...
CEO announced that all stores would close by the end of August 2016. SteinMart filed for Chapter 11 bankruptcy in August 2020 with intent to close all...
occupied by a movie theater, arcade, and several food vendors, became a SteinMart. In 2001, Montgomery Ward filed for bankruptcy and closed its stores....
1992 and 1994, seven of which opened in 1994, including SteinMart. It was the third SteinMart opened in Ohio and the first in the Columbus, Ohio, area...
vacant anchor stores that were once Bed Bath & Beyond, Palais Royal, SteinMart, Best Buy, and Pier 1 Imports. Meyerland Plaza opened on October 31, 1957...
Global Information
US$1.36 billion (2016)
US$3.57 million (2016)