Stein Mart, Inc. total sales for the five weeks ended June 4, 2009 were $108.8 million, an 11.3% drop from sales of $122.6 million last year. Comparable store sales were down 8.0% for the period.
Quarter-to-date sales were a reported $214.2 million, a 7.3% drop from $231.0 million in sales in 2008. Comparable stores sales declined 4.2%.
Year-to-date sales were down 8.5% with 2009 sales coming in at $533.7 million, compared to last year's $583.1 million. Comparable store sales dropped 6.5%.
During June, the best performing categories continued to be dresses and ladies' casual sportswear. The most difficult businesses were ladies' career sportswear and gifts. Stores in the West and in the Ohio Valley led the Company's sales performance, while stores in the Southeast and in the mid-Atlantic experienced the weakest trends.
There were 273 stores in operation at July 4, 2009 as compared to 284 at the same time last year.
