JACKSONVILLE, Fla., April 5, 2012 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported comparable store sales for the five-week period ended March 31, 2012 decreased 0.3 percent. Total sales for the period were $127.5 million, an increase of 0.4 percent from $127.0 million in the same period in 2011.
| Percent Change | |||||
| Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
| Fiscal period | 2012 | 2011 | 2012 | 2012 | 2011 |
| March (5 weeks) | $127.5 | $127.0 | 0.4% | -0.3% | -3.9% |
| Quarter-to-date (9 weeks) | $208.1 | $207.5 | 0.3% | 0.1% | 0.3% |
Ladies boutique, dresses, linens, men's furnishings and petites posted the strongest comparable sales, while gifts, ladies accessories, ladies plus size sportswear, intimate apparel and ladies casual sportswear posted weaker results. Geographically, March sales were strongest in the Midwest and Northeast, while the West and Florida were weaker.
The Company operated 264 stores at the end of March compared to 263 at the same time last year. Two new stores were opened and one store was relocated during the month. No stores were closed. The new stores are in John's Creek, Georgia (Atlanta) and Sunset Hills, Missouri (St. Louis). The relocated store is in Tustin, California (Los Angeles).
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.
The Stein Mart, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9827
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Additional information about Stein Mart, Inc. can be found at www.steinmart.com