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Company Profile > STEIN MART INC



Company Profile
 
STEIN MART INC (HTTP://WWW.STEINMART.COM)

Ticker: SMRT
Exchange: NAS
Year Established:
Employees: 10,900
Fiscal Year Ends in January

Phone: 904 346-1500
Fax: 904 398-4341
Address: 1200 Riverplace Boulevard
Jacksonville, FL 32207 United States

Map
Types Of Business

Industry NAICS code: 452112

Discount Department Stores
Apparel
Linens
Accessories
Gifts
Shoes
Industry Ranks
1. Carrefour SA101,801,300,000
2. Groupe Auchan SA69,698,500,000
3. Wal-Mart de Mexico y Centroamerica32,900,420,000
4. Kohl's Corp19,279,000,000
5. Dollar General Corporation16,022,130,000
6. Kmart Holding Corporation15,593,000,000
7. Sun Art Retail Group Ltd13,861,510,000
8. Distribuidora Internacional de Alimentacion S.A.13,355,530,000
9. Family Dollar Stores Inc10,391,460,000
10. Army and Air Force Exchange Service (AAFES)9,902,800,000
16. Stein Mart Inc1,232,366,000
Contacts
Jay SteinCEO/Chairman of the Board/Director
Gregory KleffnerCFO/Executive VP/Secretary
David HawkinsCOO/Executive VP
Alvin CarpenterDirector
Irwin CohenDirector
Ralph AlexanderDirector
Martin SteinDirector
Linda FarthingDirector
Susan FalkDirector
Burton TanskyDirector
Mitchell LeglerDirector
Richard SisiskyDirector
John WilliamsDirector/Vice Chairman of the Board
Brian MorrowExecutive VP/Other Executive Officer
Linda TasseffOther Corporate Officer
Gary PierceOther Corporate Officer/Senior VP
Clayton RobersonSenior VP, Divisional


Auditor: PricewaterhouseCoopers LLP
Legal Advisor: Foley & Lardner

Description
Stein Mart, Inc. is a retail chain that offers current-season, fashionable and primarily branded merchandise. The company currently operates 263 stores in 29 states and Washington, D.C., typically in neighborhood shopping centers in metropolitan areas. Target customers are fashion-conscious, value-seeking women ages 35-55 with above-average annual household incomes. The company’s focused assortment of merchandise features moderate and designer brand-name apparel for women and men as well as accessories, home decor, gifts, linens and shoes. Stein Mart purchases its products from roughly 1,200 vendors. Ladies’ and boutique apparel accounts for 45% of sales; men’s, 20%; ladies’ accessories, 12%; home, 12%; shoes, 8%; and other, 3%. The company strives to keep prices low through its vendor relationships, tight control over corporate and store expenses and efficient management of inventory. To this end, Stein Mart’s shoe department inventory is exclusively supplied and owned by DSW, Inc. A unique store feature is its Stein Mart Boutique, which is designed to be a store within a store. Store employees known as Boutique Ladies provide customers with specific fashion advice and personal service as wells as acting as personal shoppers. Other services include the Stein Mart Preferred Customer rewards program, a private label credit card and a co-branded Stein Mart Platinum MasterCard.
$USD, In whole numbers,
except marked * or %
201320122011201020092008
Financials
    Revenue1,232,366,0001,160,367,0001,181,510,0001,219,109,0001,326,469,0001,457,645,000
    Cost of Revenue889,736,000863,003,000869,202,000888,752,0001,032,232,0001,096,235,000
    Gross Margin %27.8025.6326.4327.1022.1824.79
    R&D Expense - - - - - -
    Operating Income36,223,00032,257,00053,146,00034,647,000(80,129,000)(5,786,000)
    Operating Margin %2.942.784.502.84-6.04-0.40
    SGA Expense306,407,000289,114,000288,592,000314,115,000394,767,000388,572,000
    Net Income25,027,00019,828,00048,753,00023,553,000(71,301,000)(4,530,000)
    Earnings Per Share0.570.441.100.55-1.72-0.11
    Dividends0.000.000.000.000.000.25
    Book Value Per Share5.765.995.895.724.945.67
    Operating Cash Flow71,339,00059,568,00049,632,00098,329,00019,356,00017,843,000
    Capital Expenditure45,426,00033,449,00029,550,0007,585,00019,281,00025,898,000
    Free Cash Flow25,913,00026,119,00020,082,00090,744,00075,000(8,055,000)
Profitability
    EBITDA60,134,00051,194,00070,474,00053,870,000(54,377,000)20,282,000
    Return on Assets %5.194.3611.605.52-15.66-0.96
    Return on Equity %10.157.8321.0611.72-32.19-1.66
    Net Margin %2.031.714.131.93-5.38-0.31
    Assets Turnover2.552.552.812.852.913.10
    Financial Leverage2.101.821.771.872.411.79
Brands
Boutique Ladies
Stein Mart Boutique
Top Salaries
NameTitleSalary (US$)Bonus (US$)
Jay SteinCEO/Chairman of the Board553,2000
Brian MorrowExecutive VP/Other Executive Officer550,8300
David HawkinsCOO/Executive VP425,0000
Gregory KleffnerCFO/Executive VP365,7970
Gary PierceOther Corporate Officer/Senior VP341,3920
Other Thoughts
Apparent Female Officers or Directors:
Corporate Culture
Stein Mart offers its employees medical, dental, vision and life insurance; flexible spending accounts; a 401(k) plan; a discount stock purchase plan; and an employee assistance program.