Stein Mart (SMRT) Nov. Comps Up 3.1%
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Price: $1.20 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 10%
Revenue Growth %: +14.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 10%
Revenue Growth %: +14.8%
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Stein Mart, Inc. (Nasdaq: SMRT) reported that total sales for the four-week period ended November 30, 2013 increased 7.7 percent and comparable store sales increased 3.1 percent.
Linens, dresses, ladies' boutique, and ladies' career and casual sportswear posted the strongest sales for the month, while ladies' accessories, men's furnishings and men's sportswear were more challenged. Geographically, November sales were strongest in Texas, while the Midwest performed lower than the chain.
The Company operated 264 stores at the end of November this year compared to 263 stores last year.
Linens, dresses, ladies' boutique, and ladies' career and casual sportswear posted the strongest sales for the month, while ladies' accessories, men's furnishings and men's sportswear were more challenged. Geographically, November sales were strongest in Texas, while the Midwest performed lower than the chain.
The Company operated 264 stores at the end of November this year compared to 263 stores last year.
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