Linens, dresses, ladies' career sportswear, women's and intimate apparel posted the strongest sales for the month, while ladies' accessories, men's furnishings, ladies' boutique, ladies' casual sportswear and petites were more challenged.
Boutique sales performance was impacted by the shift of a boutique event from October last year to November this year. Geographically, October sales were strongest in the Southeast and New Jersey, while the Gulf States and most of the Midwest performed lower than the chain. October sales also benefited from our first full month of e-commerce.
"Our strong sales continued into October, driven by upgraded designer and national brands, great fashion-forward merchandise and value pricing," said Jay Stein, Chief Executive Officer.
"I can assure you that we are working hard to maintain our momentum through the fourth quarter, despite the shortened holiday selling season and highly promotional environment we see around us."
The Company operated 264 stores at the end of October this year compared to 262 stores last year. One store was opened this month in Watchung, NJ and one store located in Anaheim, CA was relocated to an improved site.
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, shoes and home fashions.
Textiles | On 29th Apr 2017
European Union (EU) rules are needed to oblige textile and clothing...
Apparel/Garments | On 29th Apr 2017
The forecast for operating income growth in the US over the next 12...
‘Indian footwear market is nascent and largely a trend follower’
‘The intimatewear category in India is slowly becoming trend-sensitive.’
Gem Enviro Management Pvt Ltd
There are no significant differences between virgin yarn and PET recycled...
Coating at a fibre level is a practice not usually seen in the...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Apparel/Garments | On 28th Apr 2017