Fashion leading utility at Stein Mart

Jacksonville,Fla.Stein Mart is enjoying a positive reaction to its evolving home department, and is expecting strong activity from its designer Nina by NinaCampbellline, the 268-unit retailer reported during its third-quarter earnings call today.

Specifically, home décor, furniture and fashion bedding “continue to do well,” while tabletop, utility bedding and the bath shop are “still a work in progress,” explained William Moll, evp, chief merchandising officer. The Nina line “will be a great springboard for continued improvement for home,” he added.

Today, approximately 25% of the mid-level retailer’s inventory is allocated to its home areas, which Michael Fisher, president and ceo, noted were “substantially under-inventoried last third quarter as we cleared goods in anticipation of the re-launch of home.”

The retailer saw third-quarter earnings slashed by 83% to $237,000 from $1.4 million for the same period one year ago. Net sales were $339.2 million, up 0.8% from $336.5 last year. Comp sales were flat at 0.2%.

“While comparable sales growth is not yet meeting our expectations, we are beginning to see improved profitability associated with recent merchandise reallocations,” said Fisher, pointing to home as a key component of the new mix.

For the holiday selling season, which kicks off prior to Thanksgiving weekend, Stein Mart will “stage” its Nina by Nina Campbell line, among other offerings like kids’ gifts, wine sets and holiday barware, for “strong response,” Moll continued.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!