Stein Mart, Inc. released total sales and comparable store sales for the fiscal period(s) ended Aug. 28, 2010.
| Total Sales (in millions) | Percent Change | ||||||||||||
| Total | Comparable | ||||||||||||
| Fiscal period | 2010 | 2009 | Sales | Store Sales | |||||||||
| August (4 weeks) | $80.9 | $76.1 | 6.3 | % | 8.5 | % | |||||||
| Year to date (30 weeks) | $657.9 | $683.2 | -3.7 | % | -1.7 | % | |||||||
Sales performance in August this year was positively impacted by a clearance event accelerated into the last weekend of the month. Sales of new product in the company's reinvented home area were strong and ladies career and accessories business exceeded company trend. Ladies casual sportswear continued to be challenged. Geographically, sales were better than company trend in Florida and the Southeast. Sales continued to be weakest in California and the Gulf states.
There were no additions or closings in the store network in August. At month-end, there were 264 stores in operation compared to 270 at the same time last year.
