Stein Mart, Inc. Reports September 2013 Comparable Store Sales Increase of 5.0%

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JACKSONVILLE, Fla., Oct. 10, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported that total sales for the five-week period ended October 5, 2013 increased 7.3 percent and comparable store sales increased 5.0 percent.

The table below shows total sales for the period ended October 5, 2013 compared to the period ended September 29, 2012, while comparable store sales measures the period ended October 5, 2013 against the respective period ending October 6, 2012.

Percent Change
Total Sales (in millions) Total Sales Comparable Store Sales
Fiscal period 2013 2012 2013 2013 2012
September (5 weeks) $112.20 $104.60 7.30% 5.00% 2.40%
Quarter-to-date (9 weeks) $195.50 $184.90 5.70% 4.50% 3.80%
Year-to-date (35 weeks) $807.80 $775.00 4.20% 3.80% 1.30%

Linens, ladies' boutique, gifts, ladies' career sportswear and women's posted the strongest sales for the month, while ladies' accessories, men's furnishings, ladies' casual sportswear and petites were more challenged. Geographically, September sales were strongest in Florida, the Southeast and California, while the Midwest and Northeast performed lower than the chain.

The Company operated 263 stores at the end of September this year compared to 261 stores last year. Three stores were opened this month and one store located in Colorado Springs, Colorado was relocated to an improved site. The new stores are located in Buford (Atlanta), Georgia; El Paso, Texas; and Elk Grove (Sacramento), California.

About Stein Mart

Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Currently with locations from California to Massachusetts, Stein Mart's focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions.

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Additional information about Stein Mart, Inc. can be found at www.steinmart.com.

CONTACT: Linda L. Tasseff Director, Investor Relations (904) 858-2639 ltasseff@steinmart.com

Source:Stein Mart, Inc.