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New stores key to Stein Mart’s sales strategy
Jacksonville, Fla. -- Off-price retailer Stein Mart continues to pursue the accelerated store growth strategy that it began in 2014.
The off-price retailer announced it will open nine stores this fall, and at least 12 new locations in 2016.
The news follows the company's recent release of first half 2015 total sales growth of 6.1% and comparable store-sales growth of 4.0%.
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Dismal Q2 for Kohl’s
New York -- It’s been a rough week for department stores.
Kohl’s Corp. joined Macy’s and Dillard’s this week in reporting disappointing earnings and weak same-store sales growth.
Kohl’s posted a profit of $130 million in the second quarter ended Aug. 1, down from $232 million in the prior-year quarter.

