Albuquerque Journal (Albuquerque, NM)

Both Stein Marts Will Close Doors.(Final)

Byline: Charlotte Balcomb Lane Journal Staff Writer

Duke City Locations Prove Unprofitable

The two Stein Mart discount stores in Albuquerque will shut their doors permanently sometime this summer, the company has announced.

About 90 people will lose their jobs.

The stores the only locations in New Mexico are among the 16 stores out of its 270 that the Jacksonville, Fla.-based company is closing around the country this year.

At the same time, the company will open 14 new stores in more profitable markets, said Susan Edelman, Stein Mart's director of investor relations.

Stein Mart sells clothing and shoes for men, women and children, plus linens, household accessories and gifts. …

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