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JACKSONVILLE, Fla., March 4, 2010 /PRNewswire via COMTEX News Network/ -- Stein Mart, Inc. (Nasdaq: SMRT) today reported total sales and comparable store sales for the fiscal period(s) ended February 27, 2010.
Total Sales (in millions) Percent Change
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Total Comparable
Fiscal period 2010 2009 Sales Store Sales
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February (4 weeks) $74.5 $84.1 (-11.4)% (-9.3)%
For February, ladies' casual sportswear, ladies' Boutique, and dresses posted positive comparisons, while ladies' career fashion was the most difficult business. Although all geographic regions of the Company experienced declines in comparable store sales, sales in the least weather-affected markets (FL/CA/AZ) were considerably better than the Company trend.
There were 267 stores in operation at February 27, 2010 as compared to 276 at the same time last year.
Fourth Quarter and Fiscal 2009 Financial Results
Full financial results for the fourth quarter and fiscal year ended January 30, 2010 will be reported before the U.S. financial markets open on Thursday, March 18, 2010. Management will also hold a conference call at 10:00 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 call will be available on the website through March 26, 2010.
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.
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