Stein Mart 2013 Annual Report Download - page 12
Download and view the complete annual report
Please find page 12 of the 2013 Stein Mart annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.
SD\PHQWV0RVWRIRXUOHDVHVSURYLGHIRUIL[HGPLQLPXPUHQWVDVZHOODVFRQWLQJHQWDPRXQWVEDVHGRQDSHUFHQWDJHRIVDOHVLQH[FHVVRI
VSHFLILHGOHYHOV:HDOVROHDVHRXUVTXDUHIRRWFRUSRUDWHKHDGTXDUWHUVLQ-DFNVRQYLOOH)ORULGD
$VRI)HEUXDU\ZHOHDVHGWKHIROORZLQJDGGLWLRQDOIDFLOLWLHV
)DFLOLW\ /RFDWLRQ 6TXDUH)HHW
'LVWULEXWLRQ&HQWHU:DUHKRXVH /LWKLD6
S
ULQ
J
V*HRU
J
LD
'LVWULEXWLRQ&HQWHUV *UDQG3UDLULH7H[DV
2QWDULR&DOLIRUQLD
$VRI)HEUXDU\WKHFXUUHQWWHUPVRIRXUVWRUHVDVVXPLQJZHH[HUFLVHDOOOHDVHUHQHZDORSWLRQVZHUHDVIROORZV
1XPEHURI/HDVHV
<HDUV/HDVH7HUP([SLUH ([SLULQJ
DQGODWHU
,7(0 /(*$/352&((',1*6
2Q-XO\WKH6HFXULWLHVDQG([FKDQJH&RPPLVVLRQWKH³6(&´LQIRUPHGWKH&RPSDQ\WKDWLWZDVFRQGXFWLQJDQLQYHVWLJDWLRQRI
WKH&RPSDQ\DQGPDGHDUHTXHVWIRUYROXQWDU\SURGXFWLRQRIGRFXPHQWVDQGLQIRUPDWLRQ%DVHGXSRQWKHUHTXHVWWKH&RPSDQ\EHOLHYHV
WKHLQYHVWLJDWLRQLVIRFXVHGRQWKH&RPSDQ\¶VUHFHQWUHVWDWHPHQWRISULRUILQDQFLDOVWDWHPHQWVDQGWKH&RPSDQ\¶VFKDQJHLQDXGLWRUV7KH
&RPSDQ\LVFRRSHUDWLQJIXOO\ZLWKWKH6(&LQWKLVPDWWHU
,QDGGLWLRQZHDUHLQYROYHGLQYDULRXVURXWLQHOHJDOSURFHHGLQJVLQFLGHQWDOWRWKHFRQGXFWRIRXUEXVLQHVV0DQDJHPHQWEDVHGXSRQWKH
DGYLFHRIRXWVLGHOHJDOFRXQVHOGRHVQRWEHOLHYHWKDWDQ\RIWKHVHOHJDOSURFHHGLQJVZLOOKDYHDPDWHULDODGYHUVHHIIHFWRQRXUILQDQFLDO
FRQGLWLRQUHVXOWVRIRSHUDWLRQVRUFDVKIORZV
,7(0 0,1(6$)(7<',6&/2685(6
1RWDSSOLFDEOH
3$57,,
,7(0 0$5.(7)255(*,675$176&20021(48,7<5(/$7('672&.+2/'(50$77(56$1',668(5385&+$6(62)
(48,7<6(&85,7,(6
0DUNHW3ULFHDQG5HODWHG0DWWHUV
2XUFRPPRQVWRFNWUDGHVRQ7KH1$6'$4*OREDO6HOHFW0DUNHW³1$6'$4´XQGHUWKHWUDGLQJV\PERO³6057´2Q0DUFK
WKHUHZHUHVKDUHKROGHUVRIUHFRUG7KHIROORZLQJWDEOHVHWVIRUWKWKHKLJKDQGORZVDOHVSULFHVRIRXUFRPPRQVWRFNSHU1$6'$4DQG
RXUTXDUWHUO\FDVKGLYLGHQGVSHUFRPPRQVKDUHIRUHDFKTXDUWHULQWKH\HDUVHQGHG)HEUXDU\DQG)HEUXDU\
+LJK /RZ 'LYLGHQG +LJK /RZ 'LYLGHQG
)LUVW4XDUWH
U
6HFRQG4XDUWHU
7KLUG4XDUWH
U
)RXUWK4XDUWH
U
'LYLGHQGV
2Q-XQHWKH%RDUGRI'LUHFWRUVDSSURYHGWKHLQLWLDWLRQRIDUHJXODUTXDUWHUO\GLYLGHQGRISHUVKDUHRURQDQDQQXDO
EDVLV,QZHSDLGDTXDUWHUO\GLYLGHQGRISHUFRPPRQVKDUHRQ-XO\2FWREHUDQG-DQXDU\,Q
ZHSDLGDVSHFLDOFDVKGLYLGHQGRISHUFRPPRQVKDUHRQ'HFHPEHU
2Q0DUFKWKH&RPSDQ\DQQRXQFHGWKDWLWV%RDUGRI'LUHFWRUVGHFODUHGDTXDUWHUO\GLYLGHQGRISHUFRPPRQVKDUHZKLFK
ZLOOEHSDLGRQ$SULOWRVKDUHKROGHUVRIUHFRUGRQ$SULO