Stein Mart key sales figures rises in September

Stein Mart key sales figure rises 5 percent in September, helped by sales of women's clothing

Associated Press

JACKSONVILLE, Fla. (AP) -- Stein Mart Inc. said Thursday that September sales at stores open at least a year rose 5 percent, driven by strength in linens, women's clothing and gifts.

Weaker categories were accessories, men's furnishings and petite.

The strongest regions during the four-week period ended Oct. 5 were Florida, the Southeast and California, while the Midwest and Northeast fared worse.

Total revenue for the month rose more than 7 percent to $112.2 million.

Year-to-date, sales in stores open at least one year rose 3.8 percent, while total revenue rose 4 percent to $807.8 million.

The company operated 263 stores at the end of September, compared with 261 stores last year.

Shares of Stein Mart Inc. closed Wednesday at $13.91, up more than 84 percent since the start of the year.

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