Stein Mart, Inc. Reports January 2012 Sales
February 02, 2012 8:32 AM
JACKSONVILLE, Fla., Feb. 2, 2012 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq: SMRT) today reported comparable store sales for the four-week period ended January 28, 2012 decreased 3.9 percent. Total sales for the January four-week period were $60.1 million, a decrease of 4.3 percent from $62.8 million in the same period last year.
| Percent Change | |||||
| Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
| Fiscal period | 2011 | 2010 | 2011 | 2011 | 2010 |
| January (4 weeks) | $60.1 | $62.8 | -4.3% | -3.9% | -1.2% |
| Fourth Quarter (13 weeks) | $328.2 | $336.7 | -2.5% | -2.2% | -1.2% |
| Fiscal Year (52 weeks) | $1,160.4 | $1,181.5 | -1.8% | -1.1% | -1.8% |
In January, ladies' casual sportswear, men's furnishings and ladies' accessories had the strongest sales performance, while gifts, men's sportswear, women's and social dresses experienced weaker trends. Geographically, January sales were better than Company trend in California and the Northeast, while sales were weaker in the Gulf States and Midwest.
The Company had 262 stores in operation at the end of January compared to 264 at the same time last year. No new stores were opened or existing stores closed during January.
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 http://www.globenewswire.com/newsroom/prs/?pkgid=9827
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Additional information about Stein Mart, Inc. can be found at www.steinmart.com
