‘Strong’ same-store sales for Stein Mart in June
JACKSONVILLE, Fla. — Stein Mart reported total sales for the five-week period ended July 6, of $109 million, an increase of 2.6% from $106.3 for the prior-year period. Comparable store sales increased 6.5%.
Linens, ladies casual sportswear and ladies boutique posted the strongest sales for the month, while men's sportswear, ladies accessories and ladies special sizes did not perform as strongly. Geographically, June sales were strongest in the Southeast, Texas, Florida and the Gulf States, while the Midwest, Northeast and California performed lower than the chain.
"Our June comparable store sales increase of 6.5% continues our strong sales trend," said CEO Jay Stein. "I am pleased with our momentum and the great merchandise we have in our stores."
The company operated 262 stores at the end of June this year compared to 263 stores last year.