Stein Mart, Inc. (SMRT) August Comps Incease 2.5%

Stein Mart, Inc. (Nasdaq: SMRT) today reported total sales for the four-week period ended August 30, 2014 of $86.5 million, a 3.8 percent increase over total sales of $83.3 million for the four-week period ended August 31, 2013. Comparable store sales for the four-week period ended August 30, 2014 increased 2.5 percent from comparable store sales for the four-week period ended August 31, 2013.

Total sales of $713.5 million for the thirty-week period ended August 30, 2014 increased 2.6 percent from total sales of $695.6 million for the thirty-week period ended August 31, 2013. Comparable store sales for the thirty-week period ended August 30, 2014 increased 2.0 percent from comparable store sales for the thirty-week period ended August 31, 2013.

Geographically, Texas had the strongest sales in August, while the Gulf States were more challenged. The Company operated 265 stores at the end of August this year compared to 260 stores last year.

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