Stein Mart, Inc. Reports September 2013 Comparable Store Sales Increase of
JACKSONVILLE, Fla., Oct. 10, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc.
(Nasdaq:SMRT) today reported that total sales for the five-week period ended
October 5, 2013 increased 7.3 percent and comparable store sales increased 5.0
The table below shows total sales for the period ended October 5, 2013
compared to the period ended September 29, 2012, while comparable store sales
measures the period ended October 5, 2013 against the respective period ending
October 6, 2012.
Total Sales (in Total Comparable Store
millions) Sales Sales
Fiscal period 2013 2012 2013 2013 2012
September (5 weeks) $112.20 $104.60 7.30% 5.00% 2.40%
Quarter-to-date (9 $195.50 $184.90 5.70% 4.50% 3.80%
Year-to-date (35 weeks) $807.80 $775.00 4.20% 3.80% 1.30%
Linens, ladies' boutique, gifts, ladies' career sportswear and women's posted
the strongest sales for the month, while ladies' accessories, men's
furnishings, ladies' casual sportswear and petites were more challenged.
Geographically, September sales were strongest in Florida, the Southeast and
California, while the Midwest and Northeast performed lower than the chain.
The Company operated 263 stores at the end of September this year compared to
261 stores last year. Three stores were opened this month and one store
located in Colorado Springs, Colorado was relocated to an improved site. The
new stores are located in Buford (Atlanta), Georgia; El Paso, Texas; and Elk
Grove (Sacramento), California.
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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