Stein Mart, Inc. announced total sales for the month of May were $119.6 million, a 1.5% increase. Comparable store sales for the month ended May 27, 2006, fell 2.8%.

                                         Total Sales         Percent Change
                                                          Total    Comparable
    Fiscal Period:                      2006     2005     Sales    Store Sales
    May (4 weeks)                      $119.6   $117.9     1.5%       1.0%
    Year to date (17 weeks)            $484.5   $498.5    (2.8)%     (3.7)%

In May, the best performances came from ladies sportswear; dresses and social occasion; and special size sportswear. The fashion areas of the new home assortment (furniture, seasonal, and top-of-bed) posted positive comparable sales as well. Geographically, sales were strongest in California and the Southwest, and along the Gulf coast.

One Stein Mart store closed in May, bringing the store count to 262 as compared to 260 stores at the end of May 2005.