Stein Mart, Inc. (SMRT) stock prices updated...

Stein Mart, Inc. stock price

Stein Mart, Inc. latest news:

  • 10/26/2017 12:10:29

    Stein Mart to cut 10% of its corporate office workforce

    Shares of Stein Mart Inc. slipped 0.4% in afternoon trade Thursday, after the Florida-based discount department store chain it would cut its corporate office workforce by 10%, as part of ongoing cost cutting efforts. The company expects to cuts to save about $10 million in 2018. The job cuts are in addition to previously-announced cost-cutting measures, such as the suspension of the dividend announced in May, lowering inventories by 15% and cutting capital expenditures by $22 million. "While we believe our sales-driving strategies are now taking hold, we are still in a very challenging retail environment," said Chief Executive Hunt Hawkins. The stock has plunged 78.4% year to date, while the SPDR S&P Retail ETF has slipped 7.2% and the S&P 500 has gained 14.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 10/25/2017 14:26:38

    Black Friday: Nordstrom and Stein Mart join these 60-plus stores closing on Thanksgiving

    See the latest list of stores turning the lights out for turkey day.        

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