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Stein Mart, Inc. Reports December Sales

JACKSONVILLE, Fla., Jan. 8, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the five-week period ended January 3, 2015 of $189.5 million, a 7.9 percent increase over total sales of $175.6 million for the five-week period ended January 4, 2014. Comparable store sales for the five-week period ended January 3, 2015 increased 5.8 percent from comparable store sales for the five-week period ended January 4, 2014.

Total sales of $1.25 billion for the forty-eight week period ended January 3, 2015 increased 4.2 percent from total sales of $1.20 billion for the forty-eight week period ended January 4, 2014. Comparable store sales for the forty-eight week period ended January 3, 2015 increased 3.1 percent from comparable store sales for the forty-eight week period ended January 4, 2014.

Geographically, the Northeast, Midwest and Florida had the strongest sales in December, while the Gulf States and the West performed lower than the chain. One new store was opened during the month in Delray Beach, FL. The Company operated 270 stores at the end of December 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. With 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. In 2014, Stein Mart was voted America's "Best Department Store" by readers of USA TODAY.

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Additional information about Stein Mart, Inc. can be found at www.steinmart.com

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

Source:Stein Mart, Inc.