Stein Mart embarks on largest store expansion since 2007

Stein Mart plans to open 10 new stores this year as part of its largest store expansion since 2007.



Locations in the Miami, Washington, D.C., and Las Vegas areas are set to open this spring, bringing the company's total nationwide store count to more than 270.



“We understand that increasing our number of stores is an important part of our sales growth strategy, so this is significant news for us,” said Jay Stein, CEO of Stein Mart. “We are fortunate to have a talented management team that identifies key locations in targeted growth areas, so we are always prepared to act when a prime location becomes available."



The announcement of this expansion follows the company's fiscal 2013 same-store sales growth of 3.7%.