Stein Mart to Open New Stores, Debut E-Commerce
May 08, 2013
Jacksonville, Fla.-based Stein Mart Inc. recently announced several growth initiatives for 2013. The retailer plans to open four, close three and relocate four stores this year. Capital expenditures for 2013 are projected as $34 million, including up to $15 million for new and relocated stores, store remodels and new fixtures. Another key initiative for the year will be the launch of Stein Mart’s e-commerce business, which is scheduled for mid- to late-2013.