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Stein Mart, Inc. Reports 2012 Results, Completion Of Restatement And Plans For 2013

Another important initiative for 2013 is our transitioning of our supply chain distribution centers from third-party to company-operated locations beginning in the second quarter. While this change will not result in an immediate savings in distribution expenses due to start-up costs and an initial capital investment in equipment and software, this initiative offers an excellent return on our investment with positive impact starting in 2014.

Conference Call

A conference call for investment analysts to discuss the Company's fourth quarter and fiscal year 2012 results will be held at 10 a.m. EDT on May 8, 2013. The call may be heard on the investor relations portion of the Company's website at http://ir.steinmart.com . A replay of the conference call will be available on the website through May 31, 2013.

Investor Presentation

Stein Mart's fiscal 2012 investor presentation has been posted to the investor relations portion of the Company's website at http://ir.steinmart.com . The Company will also post supplemental information related to fiscal years 2008 and 2009 restated Unaudited Consolidated Statements of Income on the Events and Presentations section of the investor relations website. April Same Store Sales Release Timing

We currently plan to report our April and first quarter 2013 sales on May 8, 2013.

First Quarter Release Timing

We currently plan to release our first quarter 2013 earnings and hold our conference call on May 23. 2013. The conference call will again be at 10:00 a.m. EDT.

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.

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