Stein Mart, Inc. Reports May 2013 Comparable Store Sales Increase of 8.2%
JACKSONVILLE, Fla., June 6, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc.
(Nasdaq:SMRT) today reported that total sales for the four-week period ended
June 1, 2013 increased 3.6 percent and comparable store sales increased 8.2
The table below shows total sales for the period ended June 1, 2013 compared
to the period ended May 26, 2012, while comparable store sales measures the
period ended June 1, 2013 against the respective period ending June 2, 2012.
Total Sales (in Total Comparable Store
millions) Sales Sales
Fiscal period 2013 2012 2013 2013 2012
May (4 weeks) $107.3 $103.6 3.6% 8.2% 3.1%
Year-to-date (17 $428.7 $413.3 3.7% 2.9% 0.4%
Linens, ladies' casual sportswear, ladies' boutique and ladies' career
sportswear posted the strongest sales for the month, while ladies' special
sizes, ladies' accessories, men's sportswear and dresses were more challenged.
Geographically, sales increased in every state with our Southeast states
performing better than the chain and our Northeast states performing slightly
"We are thrilled to announce our May comparable store sales increase of 8.2
percent, which was on top of a strong 8.0 percent increase in April," said Jay
Stein, Interim Chief Executive Officer. "These results were driven by our
ability to deliver great fashion, brands and pricing, through a well-executed
merchandising and marketing strategy."
The Company operated 262 stores at the end of May this year compared to 263
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,
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.
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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