I like Stein Mart a lot. It seems they can offer such large discounts on merchandise because they are assisting designers and manufacturers a way to dispose of end-of-season or planned discontinued styles or colors. I find myself purchasing something I had no intent to even look at when I went in to shop for something specific - their prices got my attention.
I visited the Stein Mart in Chevy Chase, MD (now closed) when I had a business appointment in the adjacent business tower. WOW. They were carrying many more upscale, top of the line brands that we see here locally. And then when I traipsed through the women's department for a gift for my wife, I noticed next to me looking on the same rack of dresses is Jeane Kirkpatrick (first woman Ambassador to the United Nations). If you find yourself in an upscale mall or shopping district with a Stein Mart, stop in for the experience, it's free to peruse.