Stein Mart, Inc. Reports December Sales
January 07 2016 - 6:30AM
Stein Mart, Inc. (NASDAQ:SMRT) today reported total sales for the
five-week period ended January 2, 2016 of $198.3 million, a 4.7
percent increase over total sales of $189.5 million for the
five-week period ended January 3, 2015. Comparable store sales for
the five-week period ended January 2, 2016 increased 1.8 percent on
top of a 5.8 percent comparable store sales increase last year.
Total sales of $1.29 billion for the forty-eight week period
ended January 2, 2016 increased 3.4 percent from total sales of
$1.25 billion for the forty-eight week period ended January 3,
2015. Comparable store sales for the forty-eight week period ended
January 2, 2016 increased 1.2 percent from comparable store sales
for the period ended January 3, 2015.
Geographically, sales were relatively consistent across regions.
The Company operated 278 stores at the end of December this year
compared to 270 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. With 278 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. For more information,
please visit www.steinmart.com.
SMRT-S
Additional information about Stein Mart, Inc. can
be found at www.steinmart.com
For more information:
Linda L. Tasseff
Director, Investor Relations
(904) 858-2639
ltasseff@steinmart.com
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