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Stein Mart, Inc. Reports December Sales

JACKSONVILLE, Fla., Jan. 07, 2016 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ:SMRT) today reported total sales for the five-week period ended January 2, 2016 of $198.3 million, a 4.7 percent increase over total sales of $189.5 million for the five-week period ended January 3, 2015. Comparable store sales for the five-week period ended January 2, 2016 increased 1.8 percent on top of a 5.8 percent comparable store sales increase last year.

Total sales of $1.29 billion for the forty-eight week period ended January 2, 2016 increased 3.4 percent from total sales of $1.25 billion for the forty-eight week period ended January 3, 2015. Comparable store sales for the forty-eight week period ended January 2, 2016 increased 1.2 percent from comparable store sales for the period ended January 3, 2015.

Geographically, sales were relatively consistent across regions. The Company operated 278 stores at the end of December this year compared to 270 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 278 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. For more information, please visit www.steinmart.com.

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

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

Source:Stein Mart, Inc.