×

Stein Mart, Inc. Reports September Sales

JACKSONVILLE, Fla., Oct. 9, 2014 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the five-week period ended October 4, 2014 of $119.4 million, a 6.5 percent increase over total sales of $112.2 million for the five-week period ended October 5, 2013. Comparable store sales for the five-week period ended October 4, 2014 increased 4.9 percent from comparable store sales for the five-week period ended October 5, 2013.

Total sales of $832.9 million for the thirty-five week period ended October 4, 2014 increased 3.1 percent from total sales of $807.8 million for the thirty-five week period ended October 5, 2013. Comparable store sales for the thirty-five week period ended October 4, 2014 increased 2.4 percent from comparable store sales for the thirty-five week period ended October 5, 2013.

Geographically, Texas and the Carolinas had the strongest sales in September, while California, Arizona and the Northeast performed lower than the chain. The Company operated 268 stores at the end of September this year compared to 263 stores last year. Three new stores were opened during the month in Citrus Heights, CA; Clovis, CA and Gainesville, VA and three stores were relocated to improved sites in Las Vegas, NV; Mobile, AL and Rocklin, CA.

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.

SMRT-S

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.