NEW YORK — Unfavorable psychographics contributed to Stein Mart Inc.’s plans to shutter 16 underperforming stores this year.

As a group, the 16 doors accounted for $5.2 million in operating losses last year and averaged sales per selling square foot that were 40 percent below chainwide levels. Location issues and psychographic factors, such as fashion awareness in individual markets, contributed to the stores’ tepid performance, said the firm.

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