Stein Mart, Inc. Reports December 2012 Sales
JACKSONVILLE, Fla., Jan. 3, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc.
(Nasdaq:SMRT) today reported comparable store sales increased 5.9 percent for
the five-week period ended December 29, 2012. Comparable store sales for the
quarter to date November/December holiday selling period were up 6.3 percent.
Total sales for December were $176.5 million, an increase of 6.4 percent from
the same period in 2012. For the year to date, comparable store sales
increased 2.6 percent and total sales increased 3.2 percent to $1.135 billion.
Total Sales (in millions) Total Sales Comparable Store Sales
Fiscal period 2012 2011 2012 2012 2011
December (5 $176.5 $166.0 6.4% 5.9% 0.0%
Quarter to date $286.3 $268.1 6.8% 6.3% -1.8%
Year to date (48 $1,135.0 $1,100.3 3.2% 2.6% -1.0%
Linens, ladies' boutique and ladies' career sportswear posted the strongest
sales for the month, while ladies' casual sportswear, ladies' accessories and
dresses were more challenged.Geographically, sales increased in every state,
with California and Florida performing best.
"I am extremely pleased with our December sales which followed a very strong
November. This represents our sixth consecutive month of positive comp
sales.It has been more than seven years since we have experienced comp
increases like this," said Jay Stein, Interim Chief Executive Officer."As we
look forward to next year, we believe we are well positioned to continue our
The Company operated 263 stores at the end of December this year and last
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,
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.
The Stein Mart, Inc. logo is available at
Additional information about Stein Mart, Inc. can be found at
CONTACT: Linda L. Tasseff
Director, Investor Relations
Stein Mart, Inc. Logo
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