This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stein Mart, Inc. Reports August 2013 Comparable Store Sales Increase Of 3.8%

JACKSONVILLE, Fla., Sept. 5, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported that total sales for the four-week period ended August 31, 2013 increased 3.7 percent and comparable store sales increased 3.8 percent.

The table below shows total sales for the period ended August 31, 2013 compared to the period ended August 25, 2012, while comparable store sales measures the period ended August 31, 2013 against the respective period ending September 1, 2012.
      Percent Change
  Total Sales (in millions) Total Sales Comparable Store Sales
Fiscal period  2013 2012 2013 2013 2012
August (4 weeks) $83.3 $80.3 3.7% 3.8% 5.6%
Year-to-date (30 weeks) $695.6 $670.4 3.8% 3.6% 1.1%

Linens, ladies' boutique, gifts and dresses posted the strongest sales for the month, while ladies' casual sportswear, ladies' special sizes, men's sportswear and jewelry were more challenged. Geographically, August sales were strongest in Florida and the Southeast, while the Midwest and California performed lower than the chain.

The Company operated 260 stores at the end of August this year compared to 263 stores last year. We closed two stores this month, in Gainesville and Tequesta, FL.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,689.13 -40.98 -0.23%
S&P 500 2,069.60 -7.18 -0.35%
NASDAQ 4,994.5450 -14.6690 -0.29%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs