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Stein Mart, Inc. Reports January Comparable Store Sales Increase of 6.6%

JACKSONVILLE, Fla., Feb. 5, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported sales for the four weeks of January.

Percent Change
Total Sales (in millions) Total Sales Comp Sales
Fiscal period 2014 2013 2014 2014
January $69.7 $64.4 8.3% 6.6%
Fourth Quarter $387.1 $360.8 7.3% 5.6%
Year-to-date $1,317.8 $1,263.6 4.3% 3.3%

Geographically, the Midwest, Southeast and Gulf States had the strongest sales in January, while the West, Northeast and Florida had comparable store sales increases, but performed lower than the chain. For the fourth quarter, ladies' apparel and home had the strongest sales, while accessories and men's performed lower than the chain. The Company operated 270 stores at the end of January this year compared to 264 stores last year.

"Our fourth quarter 5.6 percent comparable store sales increase capped off a great second-half performance," said Jay Stein, Chief Executive Officer. "Sales continued to build throughout the quarter, particularly as we did not have a repeat of last year's severe weather events."

Fourth Quarter and Fiscal 2014 Financial Results

Financial results for the fourth quarter and fiscal 2014 will be reported prior to the opening of the U.S. financial markets on Thursday, March 12, 2015. Management will also hold a conference call at 10:00 a.m. ET that morning to discuss those results. The call may be heard on the Company's investor relations website at http://ir.steinmart.com. A replay of the conference call will be available on the website through March 31, 2015.

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.

SMRT-S

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.