JACKSONVILLE, Fla., Oct 07, 2010 (BUSINESS WIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today reported comparable store sales increased 0.4 percent for the five week period ended October 2, 2010 compared to the five week period ended October 3, 2009. Total sales for the period were $101.4 million, a decrease of 0.6 percent from $101.9 million in the five week period ended October 3, 2009.
Total Sales (in millions)
Comparable Store Sales
|September (5 weeks)||$101.4||$101.9||-0.6%||0.4%||-5.4%|
|Quarter-to-date (9 weeks)||$182.3||$178.0||2.4%||3.8%||-6.9%|
|Year to date (35 weeks)||$759.3||$785.1||-3.3%||-1.5%||-6.5%|
For September, home, accessories, ladies' Boutique clothing, and men's sportswear exceeded Company trend. Ladies' special sizes and casual sportswear experienced weaker trends. Geographically, September sales were better than Company trend in Florida and Arizona while sales continued to be weakest in the Gulf States.
No new stores were opened and one store closed during September. There were 263 stores in operation on October 2, 2010 compared to 268 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.
Stein Mart, Inc.
Nancy Murphy, Director, Investor Relations, 904-346-1506
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