STEIN MART INC
smartrent.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed Jul 16, 2020. Its latest SEC filing is a 15-12G from Apr 28, 2021.
10-Q for Q1 FY2020, filed Jul 16, 2020
The sections below describe the company as of the FY2019 annual report.
What Did They Do?
Sells designer and name-brand fashion and home merchandise at discount prices to shoppers through stores and online.
10-K for FY2019, filed Jun 15, 2020
Who Were Their Customers?
Style-conscious, value-seeking women are its target customers; they shop in stores or on the website, with online orders available for delivery or store pickup.
10-K for FY2019, filed Jun 15, 2020
How Were They Changing?
- Net income
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Sources
10-Q for Q1 FY2020, filed Jul 17, 2020
−$65.7MView ↗
- ▼ Now a loss
- vs $4M in Q1 FY2019
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Nov 2, 2020
Chief financial officer resigned
James B. Brown resigned effective immediately to pursue another opportunity.
Sources
8-K, filed Nov 2, 2020
On October 30, 2020, James B. Brown notified Stein Mart, Inc. (the “Company) of his decision to resign from his position as Executive Vice…View ↗
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Aug 14, 2020
Nasdaq determined Stein Mart's stock would be delisted
The company said it would not appeal Nasdaq's determination.
Sources
8-K, filed Aug 14, 2020
On August 13, 2020, Stein Mart, Inc. (the “Company”) received notice from the Listing Qualifications staff of The Nasdaq Stock Market…View ↗
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Aug 12, 2020
Filed for Chapter 11 and launched store liquidation
The company expected to close a significant portion, if not all, of its stores and was evaluating a possible sale of its e-commerce business.
Sources
8-K, filed Aug 12, 2020
On August 12, 2020, Stein Mart, Inc. (the “Company”) and each of its subsidiaries, filed a voluntary petition in the United States…View ↗
Broader customer appeal
The older report describes a specific female target; the latest describes evolving the product mix to appeal to a broader customer base.
10-K for FY2016, filed Apr 13, 2017 10-K for FY2019, filed Jun 15, 2020Our target customer is a woman over 45 years old who is both style conscious and value seeking. She is typically married and college…View ↗
We are continually evolving our product mix so that it is more relevant to a broader base of customers. We do this by focusing on our…View ↗
Online and store integration The older report describes an e-commerce website; the latest describes online orders integrated with stores, including pickup and ship-from-store options.
New merchandise departments
The older report's assortment lists apparel, accessories, shoes and home fashions; the latest adds kids and fine jewelry departments.
10-K for FY2016, filed Apr 13, 2017 10-K for FY2019, filed Jun 15, 2020Our fashion assortment is driven primarily by seasonal fashion trends and a focus on name brand and designer merchandise complemented by a…View ↗
We are continually evolving our product mix so that it is more relevant to a broader base of customers. We do this by focusing on our…View ↗
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