STEIN MART, INC. (NASDAQ:SMRT) Files An 8-K Results of Operations and Financial Condition
ITEM2.02
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RESULTS OF OPERATIONS AND FINANCIAL CONDITION |
On November17, 2016, Stein Mart, Inc. (Stein Mart) issued a press
release announcing its financial results for the third quarter
ended October29, 2016. The information in this Current Report is
being furnished and shall not be deemed filed for the purposes of
Section18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that Section. The
information in this Current Report shall not be incorporated by
reference into any registration statement or other document to
the Securities Act of 1933, as amended.
The Stein Mart press release is attached as Exhibit 99.1.
| ITEM9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
| 99.1 | Press Release dated November17, 2016. |
About STEIN MART, INC. (NASDAQ:SMRT)
Stein Mart, Inc. is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store. Its stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. It is concentrated in the Southeast and Texas where over 180 of its stores are located. The Company’s stores offer a range of services, such as merchandise locator service, a Preferred Customer program, co-branded and private label credit card programs, and electronic gift cards. The Company’s merchants purchase products from approximately 1,200 vendors. It leases all of its store locations, generally for approximately 10 years with options to extend the lease term for over two or five year periods. STEIN MART, INC. (NASDAQ:SMRT) Recent Trading Information
STEIN MART, INC. (NASDAQ:SMRT) closed its last trading session down -1.26 at 5.55 with – shares trading hands.
