Stein Mart, Inc. reported comparable store sales decreased 1.7 percent in September. Total sales were $98.9 million, a decrease of 2.5 percent from the same period in 2010. For the year to date, comparable store sales decreased 0.8 percent and total sales decreased 1.7 percent to $746.5 million.
Ladies' dresses, intimate apparel, costume jewelry, men's furnishings, and home textiles posted positive comparable store sales for September. Geographically, September sales were better than Company trend in California and the Midwest, while sales were weaker in the Gulf Coast and the Southeast, excluding Florida.
Percent Change |
|||||
Total Sales (in millions) |
Total Sales |
Comparable Store Sales |
|||
Fiscal period |
2011 |
2010 |
2011 |
2011 |
2010 |
September (5 weeks) |
$98.9 |
$101.4 |
-2.5% |
-1.7% |
0.4% |
Quarter to date (9 weeks) |
$172.8 |
$182.3 |
-5.2% |
-4.3% |
3.8% |
Year to date (35 weeks) |
$746.5 |
$759.3 |
-1.7% |
-0.8% |
-1.5% |
The company operated 261 stores at the end of September compared to 263 at the same time last year. One store in Folsom, CA. was opened and no stores were closed during the month.
