NEW YORK — Stein Mart Inc. will unveil a trimmer store concept this fall under the Collections of Stein Mart banner.
The Jacksonville, Fla.-based retailer disclosed plans as they reported that disappointing sales pushed earnings down 9 percent to $2.8 million from $3 million a year ago. In both periods, earnings per share were 7 cents. Sales for the period ended Aug. 3 advanced 6.8 percent, to $311.4 million from $291.5 million a year ago, as comparable-store revenues slid 2.3 percent.
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