Off-price fashion merchandiser Stein Mart, Inc. said sales for the four weeks ended Feb. 27 declined 11.4% on a 9.3% decline in comp store sales.
For February, ladies casual sportswear, ladies Boutique, and dresses posted positive comparisons, while ladies career fashion was the most difficult business. Although all geographic regions of the company experienced declines in comparable store sales, sales in the least weather-affected markets (FL/CA/AZ) were considerably better than the company trend.
There were 267 stores in operation at Feb. 27, 2010 as compared to 276 at the same time last year.