Stein Mart, Inc. reported total sales and comparable store sales for the fiscal period ended Jan. 31, 2009.
During January, ladies' casual sportswear performed better than the Company trend, as did ladies' accessories, intimate apparel, social and dresses, and special sizes. The most difficult businesses were Boutique and gifts. In general, sales were better than trend in the Mid-South, and weakest in the weather-impacted Northern region.

At Jan. 31, 2009, there were 276 stores in operation as compared to 280 at the same time last year.

                                  Total Sales (in millions)   Percent Change
                      ————————————————-
                                                                                Comparable
                                                   Total                          Store
Fiscal period                       2008       2007     Sales          Sales         ————————————————————-
January (4 weeks)                $67.1      $81.0    (17.2)%     (16.7)%
Fourth quarter (13 weeks)    $363.9     $417.4    (12.8)%     (12.0)%
Year (52 weeks)                $1,326.5   $1,457.6     (9.0)%     (10.9)%