Stein Mart, Inc. Reports July, 2nd Quarter & YTD 2009 Sales
August 06 2009 - 7:30AM
PR Newswire (US)
JACKSONVILLE, Fla., Aug. 6 /PRNewswire-FirstCall/ -- Stein Mart,
Inc. (NASDAQ:SMRT) today reported total sales and comparable store
sales for the fiscal period(s) ended August 1, 2009. Total Sales
(in millions) Percent Change -------------------------
-------------- Total Comparable Fiscal period 2009 2008 Sales Store
Sales ------------- ---- ---- ----- ----------- July (4 weeks)
$73.3 $80.6 (9.0)% (5.5)% Second Quarter (13 weeks) $287.5 $311.6
(7.7)% (4.5)% Six Months (26 weeks) $607.1 $663.8 (8.5)% (6.3)%
During July, the best performing categories continued to be ladies'
casual sportswear and dresses, while the most difficult were
ladies' career sportswear and gifts. Once again, stores in the West
and in the Ohio Valley led the Company's sales performance, while
stores in the Southeast experienced the weakest trends. No new
stores opened and three stores closed during July. There were 270
stores in operation at August 1, 2009 as compared to 283 at the
same time last year. Second Quarter Results Full financial results
for the second quarter ended August 1, 2009 will be reported before
the U.S. financial markets open on Thursday, August 20, 2009.
Management will also hold a conference call at 10 a.m. ET that
morning to discuss those results. The call may be heard on the
investor relations portion of the Company's website at
http://ir.steinmart.com/. A replay of the presentation will be
available on the website until August 31, 2009. About Stein Mart
Stein Mart stores offer the fashion merchandise, service and
presentation of a better department or specialty store, at prices
up to 60 percent off department and specialty store original
prices, every day. 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, gifts, linens and shoes.
SMRT-S Additional information about Stein Mart, Inc. can be found
at http://www.steinmart.com/ DATASOURCE: Stein Mart, Inc. CONTACT:
Susan Datz Edelman, Director, Stockholder Relations, Stein Mart,
Inc., +1-904-346-1506, Web Site: http://www.steinmart.com/
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