Stein Mart 2011 Annual Report Download - page 10

Table of Contents
Unauthorized disclosure of sensitive or confidential customer or employee information could severely damage our reputation, expose
us to risks of litigation and liability, disrupt our operations and harm our business. As part of our normal course of business, we collect,
process and retain sensitive and confidential customer and employee information. Despite the security measures we have in place, our facilities
and systems, and those of our third-party service providers, may be vulnerable to security breaches, acts of vandalism, computer viruses,
misplaced or lost data, programming and/or human errors, or other similar events. Any security breach involving the misappropriation, loss or
other unauthorized disclosure of confidential information, whether by us or our service providers, could severely damage our reputation,
expose us to risks of litigation and liability, disrupt our operations and harm our business.
Threats of terrorism or violence. Acts of terrorism or war may disrupt commerce and undermine consumer confidence, which could
negatively impact our sales revenue by causing consumer spending to decline. Also, an act of terrorism or war, or the threat thereof, could
negatively impact our business by interfering with our ability to obtain merchandise from vendors. Inability to obtain merchandise from our
vendors or substitute suppliers at similar costs in a timely manner could have a material adverse effect on our operating results and financial
condition.
Our failure to adequately protect our trademark Stein Mart , and, to a lesser extent, the various other marks we use in conjunction
with our private label merchandise program, could have a negative impact on our brand image . We believe that our trademark Stein
Mart
and, to a lesser extent, the various other marks that we use in connection with our private label merchandise program, are important to us
because we feel that these brands have characteristics unique to our business. We have obtained a federal registration of the Stein Mart
trademark and various other trademarks in the United States. We cannot assure you that the registrations that we have obtained will prevent the
imitation of our business or infringement of our intellectual property rights by others. If we are unable to protect our brand or our brand
becomes associated with lesser characteristics or otherwise carries a negative connotation, our brand image, and consequently the results of our
operations, could be materially adversely affected.
None.
Stores
The following table summarizes our store count activity during the last three fiscal years:
As of January 28, 2012, our stores operated in the following 29 states:
8
ITEM 1B.
UNRESOLVED STAFF COMMENTS
ITEM 2.
PROPERTIES
2011
2010
2009
Stores at beginning of year
264
267
276
Stores opened during the year
3
2
2
Stores closed during the year
(5
)
(5
)
(11
)
Stores at end of year
262
264
267
State
Number of Stores
State
Number of Stores
Alabama
9
Missouri
3
Arizona
8
Nevada
4
Arkansas
2
New Jersey
4
California
20
New York
3
Colorado
3
North Carolina
20
Florida
45
Ohio
9
Georgia
13
Oklahoma
4
Illinois
4
Pennsylvania
4
Indiana
7
South Carolina
12
Kansas
2
Tennessee
13
Kentucky
2
Texas
42
Louisiana
8
Utah
1
Massachusetts
1
Virginia
11
Michigan
1
Wisconsin
1
Mississippi
6
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