JACKSONVILLE, Fla., Jan. 5, 2012 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT - News) today reported comparable store sales for the five-week period ended December 31, 2011 were flat to last year. Total sales for the December five-week period were $166.0 million, a decrease of 0.2 percent from $166.3 million in the same period last year.
| Percent Change | |||||
| Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
| Fiscal period | 2011 | 2010 | 2011 | 2011 | 2010 |
| December (5 weeks) | $ 166.0 | $ 166.3 | -0.2% | 0.0% | -1.9% |
| Quarter-to-date (9 weeks) | $ 268.1 | $ 273.9 | -2.1% | -1.8% | -1.1% |
| Year to date (48 weeks) | $ 1,100.3 | $ 1,118.7 | -1.6% | -1.0% | -1.8% |
In December, ladies' casual sportswear, accessories and intimate apparel exceeded Company trend, while ladies' boutique and career sportswear, as well as home textiles, experienced weaker trends. Geographically, December sales were better than Company trend in California, Texas, the Midwest and the Northeast while sales were weaker in Florida and the Gulf States.
During December, the Company closed one store located in Chicago, Illinois. There were 262 stores in operation at the end of December compared to 264 at the same time 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.
The Stein Mart, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9827
SMRT-S
Additional information about Stein Mart, Inc. can be found at www.steinmart.com
Gregory W. Kleffner
EVP, Chief Financial Officer
(904) 346-1500
investorrelations@steinmart.com
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