Stein Mart, Inc. total sales for the fiscal month of November decreased 3.1% to $140.2 million compared to $144.7 million for the same month last year. Comparable store sales declined 8.9% for the month.
Total Sales (in millions) Percent Change
2007 2006 Sales Store Sales
November (4 weeks) $140.2 $144.7 (3.1)% (8.9)%
Year to date (43 weeks) $1,180.4 $1,185.0 (0.4)% (3.9)%
During November, the men's and ladies' apparel and accessories divisions were better than the Company trend, while Home was substantially below the trend line. Special Sizes continued to post positive comparative stores sales. Geographically, the Company's stores located in the Mid-Atlantic up through Ohio and Pennsylvania outperformed the Company average.
In November, the Company opened four new locations, completing the 2007 store-opening program. On December 1, 2007 there were 280 stores in operation as compared to 268 stores at the same time last year