Stein Mart, Inc. (Stein Mart) is engaged in the retail business, offering a range of fashionable, current-season, moderate to better fashion apparel for men and women, as well as accessories, gifts, linens and shoes at prices competitive with off-price retailers. As of January 31, 2009 the Company operated a chain of 276 off-price retail stores in 31 states and the District of Columbia, primarily concentrated in the Southeast and Texas, that features current-season, moderate to better fashion apparel for men and women, as well as accessories, gifts, linens and shoes. Its target customer is a 35-60 year old woman. Stein Mart’s typical store is approximately 37,000 gross square feet with a racetrack design, convenient centralized check-out, and individual dressing rooms. Its stores are mostly located in neighborhood shopping centers within 1 to 2 miles of a community’s upscale residential concentrations.