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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: 11,000
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 SA99,356,780,000
2. Groupe Auchan SA69,698,500,000
3. Wal-Mart de Mexico y Centroamerica33,439,900,000
4. Kohl's Corp19,031,000,000
5. Dollar General Corporation17,504,170,000
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
15. Stein Mart Inc1,263,571,000
Contacts
Jay SteinCEO/Chairman of the Board/Director
Gregory KleffnerCFO/Chief Accounting Officer/Executive VP/Secretary
Brian MorrowCo- President/Other Executive Officer
Brently BaxterController/Senior VP
David HawkinsCOO/Co- President
Irwin CohenDirector
Linda FarthingDirector
Mitchell LeglerDirector
Susan FalkDirector
Alvin CarpenterDirector
J. WeaverDirector
Burton TanskyDirector
Richard SisiskyDirector
John WilliamsDirector/Vice Chairman of the Board
Gary PierceExecutive VP/Other Corporate Officer
Linda TasseffOther Corporate Officer


Auditor: KPMG 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.
$USD, In whole numbers,
except marked * or %
201420132012201120102009
Financials
    Revenue1,263,571,0001,232,366,0001,160,367,0001,181,510,0001,219,109,0001,326,469,000
    Cost of Revenue896,218,000889,736,000863,003,000869,202,000888,752,0001,032,232,000
    Gross Margin %29.0727.8025.6326.4327.1022.18
    R&D Expense - - - - - -
    Operating Income40,833,00036,223,00032,257,00053,146,00034,647,000(80,129,000)
    Operating Margin %3.232.942.784.502.84-6.04
    SGA Expense326,520,000306,407,000289,114,000288,592,000314,115,000394,767,000
    Net Income25,555,00025,027,00019,828,00048,753,00023,553,000(71,301,000)
    Earnings Per Share0.580.570.441.100.55-1.72
    Dividends0.150.000.000.000.000.00
    Book Value Per Share - 5.765.995.895.724.94
    Operating Cash Flow40,066,00071,339,00059,568,00049,632,00098,329,00019,356,000
    Capital Expenditure36,266,00045,426,00033,449,00029,550,0007,585,00019,281,000
    Free Cash Flow3,800,00025,913,00026,119,00020,082,00090,744,00075,000
Profitability
    EBITDA68,585,00060,134,00051,194,00070,474,00053,870,000(54,377,000)
    Return on Assets %5.035.194.3611.605.52-15.66
    Return on Equity %10.2510.157.8321.0611.72-32.19
    Net Margin %2.022.031.714.131.93-5.38
    Assets Turnover2.492.552.552.812.852.91
    Financial Leverage1.982.101.821.771.872.41
Brands
Boutique Ladies
Stein Mart Boutique
Top Salaries
NameTitleSalary (US$)Bonus (US$)
Brian MorrowExecutive VP/Other Executive Officer565,301250,000
David HawkinsCOO/Executive VP434,740250,000
Gregory KleffnerCFO/Executive VP375,406100,000
Gary PierceOther Corporate Officer/Senior VP350,64150,000
Jay SteinCEO/Chairman of the Board283,5480
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.