Stein Mart, Inc. · Jacksonville, FL United States ·(NASDAQ (GS): SMRT)

Stein Mart's style is to operate department-style stores that feature discount prices. The firm, with about 280 shops in some 30 states, sells off-price women's, men's, and children's brand-name clothing. Fashions range from casual to formal wear. Its stores also sell jewelry, bed and bath linens, and gifts. Independent firms lease its shoe and fragrance departments. Its upscale women's boutiques are sometimes staffed by socialites who work part-time to receive employee discounts. Russian immigrant Sam Stein founded Stein Mart in the early 1900s. The company had one store in Greenville, Mississippi, until 1977 when it began growing rapidly. Chairman Jay Stein, the founder's grandson, controls about 39% of Stein Mart. To read the full description, subscribe now.