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Stein Mart, Inc. Reports November Sales

JACKSONVILLE, Fla., Dec. 4, 2014 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the four-week period ended November 29, 2014 of $127.9 million, a 6.7 percent increase over total sales of $119.9 million for the four-week period ended November 30, 2013. Comparable store sales for the four-week period ended November 29, 2014 increased 4.8 percent from comparable store sales for the four-week period ended November 30, 2013.

Total sales of $1.06 billion for the forty-three week period ended November 29, 2014 increased 3.5 percent from total sales of $1.02 billion for the forty-three week period ended November 30, 2013. Comparable store sales for the forty-three week period ended November 29, 2014 increased 2.6 percent from comparable store sales for the forty-three week period ended November 30, 2013.

Geographically, Texas and Florida had the strongest sales in November, while the Northeast, Midwest and West performed lower than the chain. One new store was opened during the month in Carlsbad, CA. The Company operated 269 stores at the end of November this year compared to 264 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.