Stein Mart, Inc. Reports June 2013 Comparable Store Sales Increase of 6.5%
JACKSONVILLE, Fla., July 11, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc.
(Nasdaq:SMRT) today reported that total sales for the five-week period ended
July 6, 2013 increased 2.6 percent and comparable store sales increased 6.5
The table below shows total sales for the period ended July 6, 2013 compared
to the period ended June 30, 2012, while comparable store sales measures the
period ended July 6, 2013 against the respective period ending July 7, 2012.
Total Sales (in Total Comparable Store
millions) Sales Sales
Fiscal period 2013 2012 2013 2013 2012
June (5 weeks) $109.0 $106.3 2.6% 6.5% -0.5%
Quarter-to-date (9 $216.3 $209.9 3.1% 7.3% 1.2%
Year-to-date (22 weeks) $537.7 $519.6 3.5% 3.6% 0.2%
Linens, ladies' casual sportswear and ladies' boutique posted the strongest
sales for the month, while men's sportswear, ladies' accessories and ladies'
special sizes were not as strong. Geographically, June sales were strongest in
the Southeast, Texas, Florida and the Gulf States, while the Midwest,
Northeast and California performed lower than the chain.
"Our June comparable store sales increase of 6.5 percent continues our strong
sales trend," said Jay Stein, Chief Executive Officer."I am pleased with our
momentum and the great merchandise we have in our stores."
The Company operated 262 stores at the end of June 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: For more information:
Linda L. Tasseff
Director, Investor Relations
Stein Mart, Inc. Logo
Press spacebar to pause and continue. Press esc to stop.