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Stein Mart April comparable store sales rise 8.9%

May 10, 2014 (United States Of America)

Stein Mart, Inc. reported comparable store sales for the four-week period ended May 3, 2014 increased 8.9 percent.
 
The combined March-April period removes the impact of the Easter calendar shift. Geographically, Texas and the Southeast had the strongest sales in April, while the Northeast was more challenged. For the first quarter, ladies' apparel and home posted the strongest sales, while men's and accessories were more challenged. 
 
"I am delighted with our strong April sales," said Jay Stein, Chief Executive Officer. "As you know, February and March sales were impacted by colder weather and the Easter calendar shift. Now that warmer weather is here, our customers are responding just wonderfully to our spring merchandise."
 
The Company operated 263 stores at the end of April this year compared to 262 stores 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 over 260 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.
 

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