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JACKSONVILLE, Fla., Aug 06, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Stein Mart, Inc. (Nasdaq: SMRT) today reported total sales and comparable store sales for the fiscal period(s) ended August 1, 2009.
Total Sales (in millions) Percent Change
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Total Comparable
Fiscal period 2009 2008 Sales Store Sales
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July (4 weeks) $73.3 $80.6 (9.0)% (5.5)%
Second Quarter (13 weeks) $287.5 $311.6 (7.7)% (4.5)%
Six Months (26 weeks) $607.1 $663.8 (8.5)% (6.3)%
During July, the best performing categories continued to be ladies' casual sportswear and dresses, while the most difficult were ladies' career sportswear and gifts. Once again, stores in the West and in the Ohio Valley led the Company's sales performance, while stores in the Southeast experienced the weakest trends.
No new stores opened and three stores closed during July. There were 270 stores in operation at August 1, 2009 as compared to 283 at the same time last year.
Second Quarter Results
Full financial results for the second quarter ended August 1, 2009 will be reported before the U.S. financial markets open on Thursday, August 20, 2009. Management will also hold a conference call at 10 a.m. ET that morning to discuss those results. The call may be heard on the investor relations portion of the Company's website at http://ir.steinmart.com. A replay of the presentation will be available on the website until August 31, 2009.
About Stein Mart
Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices up to 60 percent off department and specialty store original prices, every day. Currently with locations from California to Massachusetts, Stein Mart's focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, gifts, linens and shoes.
SMRT-S
Additional information about Stein Mart, Inc. can be found at www.steinmart.com
SOURCE Stein Mart, Inc.
http://www.steinmart.com
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