Stein Mart (SMRT) Reports 9% Decrease in September 2009 Sales
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Price: $1.36 +3.03%
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 for the five weeks ended in September 2009 a decrease of 9% in total sales, and 5.4% decrease in comparable store sales.
The third quarter ended September 2009 saw a 10.5% decrease in total sales, and 6.9% decrease in comparable store sales.
Year-to-date (YTD) total sales ended September 2009 decreased 9%, and comparable YTD store sales were down 6.5%.
There were two closings in the store network in September. There were 268 stores in operation at October 3, 2009 as compared to 280 at the same time last year.
The third quarter ended September 2009 saw a 10.5% decrease in total sales, and 6.9% decrease in comparable store sales.
Year-to-date (YTD) total sales ended September 2009 decreased 9%, and comparable YTD store sales were down 6.5%.
There were two closings in the store network in September. There were 268 stores in operation at October 3, 2009 as compared to 280 at the same time last year.
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