JACKSONVILLE, Fla., April 11, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported sales and comparable store sales for the five-week period ended April 6, 2013. As a reminder, the extra 53 rd week in fiscal 2012 created a timing shift for fiscal 2013, resulting in a one-week difference between our fiscal reporting and comparable store sales reporting periods. The table below shows total sales for the period ended April 6, 2013 compared to the period ended March 31, 2012, while comparable store sales measures the period ended April 6, 2013 against the respective period ending April 7, 2012.
|Total Sales (in millions)||Total Sales||Comparable Store Sales|
|March (4 weeks)||$133.0||$127.5||4.3%||-2.8%||-0.3%|
|Quarter-to-date (9 weeks)||$218.2||$208.1||4.8%||-1.5%||0.1%|
The Company operated 262 stores at the end of March this year compared to 264 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 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. SMRT-S Additional information about Stein Mart, Inc. can be found at www.steinmart.com
CONTACT: For more information: Linda L. Tasseff Director, Investor Relations (904) 858-2639 firstname.lastname@example.org