Stein Mart Comps fall 5.5% in July

Stein Mart, Inc. 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.