Stein Mart, Inc. reported comparable store sales for the five-week period ended July 2, 2011 decreased 1.5 percent. Total sales for the period were $104.5 million, a decrease of 2.5 percent from $107.2 million in the same period in 2010. For the year to date, comparable store sales increased 0.7 percent and total sales decreased 0.1 percent to $506.5 million.
Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
Fiscal period | 2011 | 2010 | 2011 | 2011 | 2010 |
June (5 weeks) | $104.5 | $107.2 | -2.5% | -1.5% | 0.6% |
Quarter to date (9 weeks) | $203.0 | $205.9 | -1.4% | -0.5% | -1.9% |
Year to date (22 weeks) | $506.5 | $506.9 | -0.1% | 0.7% | -3.1% |
Ladies dresses, intimate apparel, casual sportswear and men’s sportswear posted positive comparable store sales for June. Geographically, June sales were strongest in California, Arizona and Texas