Stein Mart to open 11 stores in 2015

Jacksonville, Fla. - Stein Mart is opening 11 new stores this year as part of the company's accelerated store growth that began in 2014. The new stores include the company's March opening of the first-ever San Francisco Bay area location in Cupertino, California, and 10 additional stores opening in the fall.



This is an increase from the company's earlier estimate of 10 new stores for 2015 announced in November. In 2014, Stein Mart opened nine new stores.



"We are very pleased with the new store sites that we have secured for 2015, which are strategically located in both exciting new markets and some of our strongest existing markets," said Jay Stein, CEO of Stein Mart. "Increasing our number of stores, particularly in targeted growth areas, is key to our sales growth strategy."



The Cupertino store will open on March 12. The locations of the 10 new stores planned to open in September through November include: Atlanta; suburban Detroit; Florida (two stores); Southern California (three stores); Long Island; Phoenix; and Virginia Beach. Stein Mart will also relocate one store in Myrtle Beach, South Carolina, to a new location this fall.