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Stein Mart, Inc. Reports February Sales

JACKSONVILLE, Fla., March 5, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the four-week period ended February 28, 2015 of $88.6 million, a 4.9 percent increase over total sales of $84.5 million for the four-week period ended March 1, 2014. Comparable store sales for the four-week period ended February 28, 2015 increased 2.6 percent from February 2014.

Sales were strong through the first half of the month, but were severely impacted by record cold and inclement weather across most of the country in the second half. Geographically, our strongest sales were in Arizona, California and Florida, the few states that did not have adverse weather. Notably, the combined comparable sales increase for this group was nearly triple our overall comparable increase, while half the states we operate in had sales declines.

One store was closed during the month in Tampa Palms, FL. The Company operated 269 stores at the end of February 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 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.