Stein Mart, Inc. Reports March Sales

JACKSONVILLE, Fla., April 9, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq: SMRT) today reported total sales for the five-week period ended April 4, 2015 of $155.8 million, a 14.2 percent increase over total sales of $136.3 million for the five-week period ended April 5, 2014. Comparable store sales for the five-week period ended April 4, 2015 increased 11.2 percent from April 5, 2014.

Total sales of $244.4 million for the nine-week period ended April 4, 2015 increased 10.6 percent from total sales of $220.8 million for the nine-week period ended April 5, 2014. Comparable store sales for the nine-week period ended April 4, 2015 increased 7.9 percent from comparable store sales for the period ended April 5, 2014.

March sales were partly impacted by earlier pre-Easter selling. April sales will also be impacted by this shift in peak spring selling weeks.  Geographically, most regions had high single or double digit comparable store sales increases, while the Northeast experienced a mid-single digit increase.

The Company operated 270 stores at the end of March this year compared to 263 stores last year. One store was opened this month in Cupertino, CA (San Francisco Bay Area).

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
         [email protected]

You May Also Be Interested In

• Robert W. Beck Appointed to Encore Capital Group Board of Directors
• CI Global Asset Management Announces Special Reinvested Distribution for CI Alternative Investment Grade Credit Fund ETF Series
• Rocket Alumni Solutions Launches Easy Submit for Content Updates by Email or Text