JACKSONVILLE, Fla., April 8, 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 April 3, 2010.
Total Sales (in millions) Percent Change --------------- -------------- Total Comparable Fiscal period 2010 2009 Sales Store Sales ------------- ---- ---- ----- ----------- March (5 weeks) $133.6 $135.2 -1.2% 1.0% Quarter to date (9 weeks) $208.1 $219.3 -5.1% -3.0%
For March, ladies' dresses led all categories in sales, followed by costume jewelry, ladies' casual sportswear and Boutique. Geographically, March sales were strongest in the mid-Atlantic from the Carolinas up through New York State. As a reminder, the Easter holiday occurred one week earlier this year than in 2009, accelerating pre-Easter selling into the month of March. The calendar shift will negatively affect April 2010 sales, so the best comparisons will be the two-month (March-April) cumulative sales performance versus last year.
One new store opened, one existing store was closed, and three stores were relocated during March. At month-end, there were 267 stores in operation compared to 275 at the same time 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, 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.
Additional information about Stein Mart, Inc. can be found at www.steinmart.com
SOURCE Stein Mart, Inc.
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