Stein Mart continues executing growth strategy

The opening of two new Stein Mart stores in New Jersey and California this month will round out the discount department store operator's 2013 capital expansion program and give it a year-end total of 264 units.

The opening follows four new stores last month in El Paso, Texas; Buford, Ga.; Elk Grove, Calif.; and Colorado Springs, Co., as well as a September comparable-store sales increase of 5% and a total net sales increase of 7.3% for the month.

The new locations will find the same current-season brand-name fashion for women and men, home décor, accessories, linens and shoes at prices up to 60% below department and specialty store prices.