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Company Profile
 
Ticker: SMRT
Exchange: NAS
Year Established: 1908
Employees: 11,300
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 Ranks

Industry NAICS code: 452112

Discount Department Stores
Apparel
Linens
Accessories
Gifts
Shoes
1. Carrefour SA84,010,880,000
2. Groupe Auchan SA60,500,000,000
3. Wal-Mart de Mexico y Centroamerica28,158,340,000
4. Kohl's Corp19,023,000,000
5. Dollar General Corporation18,909,590,000
6. Sun Art Retail Group Ltd14,817,950,000
7. Kmart Holding Corporation12,000,000,000
8. Distribuidora Internacional de Alimentacion SA8,934,333,000
9. Dollar Tree Inc8,602,200,000
10. Army and Air Force Exchange Service (AAFES)8,300,000,000
17. Stein Mart Inc1,317,677,000
Contacts Description
Jay SteinCEO/Chairman of the Board/Director
Gregory KleffnerCFO/Chief Accounting Officer/Executive VP/Secretary
Brian MorrowCo- President/Other Executive Officer
David HawkinsCOO/Co- President
Irwin CohenDirector
Burton TanskyDirector
Linda FarthingDirector
Mitchell LeglerDirector
Susan FalkDirector
J. WeaverDirector
Richard SisiskyDirector
John WilliamsDirector/Vice Chairman of the Board
Gary PierceExecutive VP/Other Corporate Officer
Linda TasseffOther Corporate Officer
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, 11%; home, 13%; shoes, 7%; and other, 4%. 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 well 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.

Auditor: KPMG LLP
Legal Advisor: Foley & Lardner
$USD, In whole numbers,
except marked * or %
201520142013201220112010
Financials
    Revenue1,317,677,0001,263,571,0001,232,366,0001,160,367,0001,181,510,0001,219,109,000
    Cost of Revenue930,941,000896,218,000889,736,000863,003,000869,202,000888,752,000
    Gross Margin %29.3529.0727.8025.6326.4327.10
    R&D Expense - - - - - -
    Operating Income44,709,00040,833,00036,223,00032,257,00053,146,00034,647,000
    Operating Margin %3.393.232.942.784.502.84
    SGA Expense342,027,000326,520,000306,407,000289,114,000288,592,000314,115,000
    Net Income26,906,00025,555,00025,027,00019,828,00048,753,00023,553,000
    Earnings Per Share0.600.580.570.441.100.55
    Dividends0.280.150.000.000.000.00
    Book Value Per Share - 6.095.765.995.895.72
    Operating Cash Flow52,431,00040,066,00071,339,00059,568,00049,632,00098,329,000
    Capital Expenditure40,231,00036,266,00045,426,00033,449,00029,550,0007,585,000
    Free Cash Flow12,200,0003,800,00025,913,00026,119,00020,082,00090,744,000
Profitability
    EBITDA73,825,00068,585,00060,134,00051,194,00070,474,00053,870,000
    Return on Assets %4.905.035.194.3611.605.52
    Return on Equity %9.6110.2510.157.8321.0611.72
    Net Margin %2.002.022.031.714.131.93
    Assets Turnover2.452.492.552.552.812.85
    Financial Leverage1.941.982.101.821.771.87
Brands, Divisions and Affiliates Top Salaries
Stein Mart Boutique
NameTitleSalary (US$)Bonus (US$)
Brian MorrowCo- President/Other Executive Officer582,1390
David HawkinsCOO/Co- President447,7810
Gregory KleffnerCFO/Executive VP387,0150
Gary PierceExecutive VP/Other Corporate Officer361,2020
Jay SteinCEO/Chairman of the Board/Director289,3000
Other Thoughts Corporate Culture

Apparent Female Officers or Directors:

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.

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