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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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Holiday Pressure: November Comp Sales Disappointing

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

New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had an unintentional effect. Consumers may be lured in by promotions but purchasing isn’t as strong as hoped for. According to several metrics, November comparable store sales were modest—actually decelerating from October increases. …

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For #Giving Tuesday, Stein Mart Has It “All in the Bag”

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

Jacksonville, FL—Centered around the #GivingTuesday movement—a global mission to get people involved in their communities and give back—Stein Mart has its cause “all in the bag.” As part of its support for Dress for Success, a not-for-profit organization, Stein Mart is conducting a Giving Bag fundraiser to collection gently used …

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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 …