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Stein Mart, Inc. Reports August Sales

JACKSONVILLE, Fla., Sept. 4, 2014 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the four-week period ended August 30, 2014 of $86.5 million, a 3.8 percent increase over total sales of $83.3 million for the four-week period ended August 31, 2013. Comparable store sales for the four-week period ended August 30, 2014 increased 2.5 percent from comparable store sales for the four-week period ended August 31, 2013.

Total sales of $713.5 million for the thirty-week period ended August 30, 2014 increased 2.6 percent from total sales of $695.6 million for the thirty-week period ended August 31, 2013. Comparable store sales for the thirty-week period ended August 30, 2014 increased 2.0 percent from comparable store sales for the thirty-week period ended August 31, 2013.

Geographically, Texas had the strongest sales in August, while the Gulf States were more challenged. The Company operated 265 stores at the end of August this year compared to 260 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.