Stein Mart, Inc. Reports March Sales
April 09 2015 - 7:30AM
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
ltasseff@steinmart.com
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