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Stein Mart, Inc. Reports May Sales

20:00 EDT 3 Jun 2015 | Globe Newswire

JACKSONVILLE, Fla., June 4, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the four-week period ended May 30, 2015 of $113.3 million, a 3.3 percent increase over total sales of $109.6 million for the four-week period ended May 31, 2014. Comparable store sales for the four-week period ended May 30, 2015 increased 1.9 percent from May 2014.

Total sales of $466.8 million for the seventeen-week period ended May 30, 2015 increased 6.4 percent from total sales of $438.5 million for the seventeen-week period ended May 31, 2014. Comparable store sales for the seventeen-week period ended May 30, 2015 increased 4.1 percent from comparable store sales for the period ended May 31, 2014.

Geographically, Florida and the Mid-Atlantic states had the strongest sales in May, while California and Texas, which hold 25 percent of our stores, had sales decreases. In California, cooler weather severely impacted traffic. Record rainfall and flooding unfavorably impacted sales in our major Texas markets.

The Company operated 270 stores at the end of May this year compared to 265 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, as well as steinmart.com, 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
         ltasseff@steinmart.com

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