Stein Mart, Inc. Reports February Sales
March 05 2015 - 8:00AM
Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the
four-week period ended February 28, 2015 of $88.6 million, a 4.9
percent increase over total sales of $84.5 million for the
four-week period ended March 1, 2014. Comparable store sales for
the four-week period ended February 28, 2015 increased 2.6 percent
from February 2014.
Sales were strong through the first half of the month, but were
severely impacted by record cold and inclement weather across most
of the country in the second half. Geographically, our strongest
sales were in Arizona, California and Florida, the few states that
did not have adverse weather. Notably, the combined comparable
sales increase for this group was nearly triple our overall
comparable increase, while half the states we operate in had sales
declines.
One store was closed during the month in Tampa Palms,
FL. The Company operated 269 stores at the end of February
this year compared to 264 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
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