Stein Mart, Inc. Reports November 2013 Comparable Store Sales Increase of 3.1%

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JACKSONVILLE, Fla., Dec. 5, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported that total sales for the four-week period ended November 30, 2013 increased 7.7 percent and comparable store sales increased 3.1 percent.

The table below shows total sales for the period ended November 30, 2013 compared to the period ended November 24, 2012, while comparable store sales measures the period ended November 30, 2013 against the respective period ending December 1, 2012.

Percent Change
Total Sales (in millions) Total Sales Comparable Store Sales
Fiscal period 2013 2012 2013 2013 2012
November $119.9 $111.4 7.7% 3.1% 7.1%
Year-to-date $1,022.7 $975.2 4.9% 3.9% 2.0%

Linens, dresses, ladies' boutique, and ladies' career and casual sportswear posted the strongest sales for the month, while ladies' accessories, men's furnishings and men's sportswear were more challenged. Geographically, November sales were strongest in Texas, while the Midwest performed lower than the chain.

The Company operated 264 stores at the end of November this year compared to 263 stores last year.

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

Source:Stein Mart, Inc.