Market Overview

Stein Mart, Inc. Reports August Sales

Share:

JACKSONVILLE, Fla., Sept. 3, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today reported total sales for the four-week period ended August 29, 2015 of $86.1 million, a 0.4 percent decrease over total sales of $86.5 million for the four-week period ended August 30, 2014. Comparable store sales for the four-week period ended August 29, 2015 decreased 1.4 percent from August 2014.

Total sales of $751.2 million for the thirty-week period ended August 29, 2015 increased 5.3 percent from total sales of $713.5 million for the thirty-week period ended August 30, 2014. Comparable store sales for the thirty-week period ended August 29, 2015 increased 3.3 percent from comparable store sales for the period ended August 30, 2014.

August sales were impacted by the move of Labor Day to a week later in September this year and the shifting of events, including the Labor Day event moving from August to September. Geographically, Florida had the strongest sales with positive comps, while Texas and the West performed below the chain. The Company operated 269 stores at the end of August this year compared to 265 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, 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: For more information: Linda L. Tasseff Director, Investor Relations (904) 858-2639 ltasseff@steinmart.com

Stein Mart, Inc. Logo

View Comments and Join the Discussion!