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Ross Stores Hires Stein Mart’s Brian Morrow to Head dd’s Discounts

In People, Reports, What's New by Accessories StaffLeave a Comment

People

Dublin, CA and Jacksonville, FL—Ross Stores, Inc. announced today that Brian Morrow will join as President and Chief Merchandising Officer at dd’s DISCOUNTS effective December 7. Most recently Morrow was president/chief merchandising officer at Stein Mart. Morrow will report directly to Barbara Rentler, the Company’s Chief Executive Officer, and be …

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Stein Mart’s “Give Back to Our Veterans” Promotion

In Industry News, Marketing, What's New by Accessories StaffLeave a Comment

Jacksonville, FL—In honor of Veterans Day, Stein Mart will introduce its latest chain-wide charitable program, “Give Back to Our Veterans,” to support VA Voluntary Service (VAVS) and help the country’s veterans facing homelessness. Starting Nov. 3, shoppers can contribute to the effort by purchasing a new package of underwear or socks …

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December Comp Sales Were Up—But at a Price?

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Discounts may have helped comparable store sales rise 2.7% in December, but that stronger-than-expected increase often came with a price(s). Namely, lower margins, customers shifting to online shopping and lowered fourth quarter earnings expectations. In its monthly assessment of eight large retailers, Thomson Reuters reported the 2.75 increase in …

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Promotions Helped Lift October Comp Sales Above Estimates

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Political gridlock, a government shutdown and fears that the United States would default helped to deflate consumer confidence in October, but apparently shoppers turned out anyway. According to Thomson Reuters, comparable store (or same store) sales rose 4% last month, beating economists’ expectations for a 3% increase. Excluding drugstores, …

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Stein Mart (Finally) Premieres Its Online Store

In eCommerce, Industry News, What's New by Jeff PrineLeave a Comment

Jacksonville, FL—Fulfilling what Chairman/CEO Jay Stein told analysts “is the most important thing we’re going to do this year,” Stein Mart Inc. today premiered its long awaited e-commerce site, www.steinmart.com. While many brick-and-mortar retailers have opened online stores, an off-price retailer, such as Stein Mart, faces a trickier task offering …