Stein Mart: Price quotes higher on fall goods
May 20, 2010-- Home Textiles Today,
Jacksonville, Fla. – Price quotes are starting to “creep up” on fall merchandise, particularly on goods made from cotton, Stein Mart’s chief told analysts during the company’s quarterly conference call today.
“We’re hearing 5% to 10%, and we’ll see how that manifests itself as we go forward,” said David Stovall Jr.
He did not elaborate on how Stein Mart would address rising raw material costs.