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Stein Mart Feb comparable store sales drop 2.1%

March 07, 2014 (United States Of America)

Stein Mart, Inc. reported total sales of $84.5 million for the four-week period ended March 1, 2014, compared to total sales of $86.7 million for the four-week period ended March 2, 2013. Comparable store sales for the four-week period ended March 1, 2014 decreased 2.1 percent from comparable store sales for the four-week period ended March 2, 2013.
 
Geographically, Florida and Texas had the strongest sales in February, with comparable store sales increases. Most other areas experienced sales declines due to severe winter weather, with the Northeast and Midwest being impacted the most.
 
The Company operated 264 stores at the end of February this year compared to 263 stores last year.
 
Fourth Quarter and Fiscal 2013 Financial Results                        
Financial results for the fourth quarter and fiscal 2013 will be reported prior to the opening of the U.S. financial markets on Thursday, March 13, 2014. Management will also hold a conference call at 10:00 a.m. ET that morning to discuss those results. 
 
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 over 260 locations from California to Massachusetts, as well as steinmart.com, 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. 

Stein Mart
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