Stein Mart, Inc. Reports January Sales

Stein Mart, Inc. Reports January Sales

Comparable Store Sales Increased 3.1% for the Fourth Quarter and 3.7% for the
Year

JACKSONVILLE, Fla., Feb. 6, 2014 (GLOBE NEWSWIRE) -- Stein Mart, Inc.
(Nasdaq:SMRT) today reported sales for the four weeks of January.

Note that fiscal 2012 was a 53-week year which included an extra week in
January 2013 with sales of approximately $15.8 million. The table below shows
total sales for the four-week period ended February 1, 2014 compared to the
five-week period ended February 2, 2013, while comparable store sales measures
the four-week period ended February 1, 2014 against the four-week period ended
February 2, 2013.

                                                 Percent Change
                 Total Sales (in millions)         Comparable Store Sales
Fiscal period    2013             2012*            2013
January           $64.4            $78.9            -0.7%
Fourth Quarter    $359.9           $368.6           3.1%
Year              $1,262.7         $1,232.4         3.7%
*All 2012 periods include sales for the 53^rd week of approximately $15.8
million.

Linens, ladies' boutique and gifts posted the strongest sales for the month,
while jewelry, ladies' sportswear and men's performed lower than the chain.
Geographically, January sales were strongest in Florida and the West, while
most other areas experienced comparable sales declines due to winter storms
combined with record cold weather.

"I am very pleased to report our seventh consecutive quarter of comparable
store sales increases and an annual increase that is one percent better than
our strong performance last year," said Jay Stein, Chief Executive
Officer."Our January sales were clearly impacted by the severe weather
throughout most of the country.Factoring this out, our sales results for
January were consistent with our performance through year-to-date December."

The Company operated 264 stores at the end of January this year compared to
263 stores last year.

Fourth Quarter and Fiscal 2013 Financial Results

Financial results for the fourth quarter and fiscal 2013 will be reported
prior to the opening of the U.S. financial markets on Thursday, March 13,
2014.Management will also hold a conference call at 10:00 a.m. ET that
morning to discuss those results. The call may be heard on the Company's
investor relations website at http://ir.steinmart.com.A replay of the
conference call will be available on the website through March 31, 2014.

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 over 260 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.

SMRT-S

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

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

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