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BRIEF-STEIN MART ANNOUNCES COST REDUCTIONS
October 26, 2017 / 5:44 PM / 24 days ago

BRIEF-STEIN MART ANNOUNCES COST REDUCTIONS

Oct 26 (Reuters) - Stein Mart Inc:

* STEIN MART ANNOUNCES COST REDUCTIONS

* STEIN MART INC - ‍HAS INSTITUTED COST REDUCTIONS EXPECTED TO TOTAL SAVINGS OF APPROXIMATELY $10 MILLION (PRE-TAX) IN 2018​

* STEIN MART-‍TREND OF COMPARABLE STORES SALES DECREASES CONTINUED INTO Q3, WAS SLIGHTLY “WORSE” IN AUGUST & SEPT DUE TO IMPACTS OF HURRICANES HARVEY, IRMA​

* STEIN MART INC - ‍INSTITUTED COST REDUCTIONS​ INCLUDING ELIMINATION OF APPROXIMATELY 10 PERCENT OF ITS CORPORATE OFFICE HEADCOUNT IN 2018 Source text for Eikon: Further company coverage:

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