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Stein Mart, Inc. Reports June Sales

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JACKSONVILLE, Fla., July 10, 2014 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the five-week period ended July 5, 2014 of $113.2 million, a 3.8 percent increase over total sales of $109.0 million for the five-week period ended July 6, 2013. Comparable store sales for the five-week period ended July 5, 2014 increased 2.6 percent from comparable store sales for the five-week period ended July 6, 2013.

Total sales of $551.7 million for the 22-week period ended July 5, 2014 increased 2.6 percent from total sales of $537.7 million for the 22-week period ended July 6, 2013. Comparable store sales for the 22-week period ended July 5, 2014 increased 2.1 percent from comparable store sales for the 22-week period ended July 6, 2013.

Geographically, Florida, the Carolinas and California had the strongest sales in June, while the Gulf States and Texas were more challenged.

The Company operated 265 stores at the end of June this year compared to 262 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 over 260 locations from California to Massachusetts, as well as steinmart.com, 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.