Stein Mart Posts Q1 Sales Gain of 2.1 Percent
May 8, 2014,
JACKSONVILLE, Fla.-Stein Mart reported first-quarter sales of $328.9 million, up 2.1 percent over the first quarter of last year.
The gain included a 2.6 percent increase in same-store sales. A company statement said this included a jump of 8.9 percent in same-store sales in April.
The statement credited home and ladies' apparel with strong performances during the quarter, which ended on May 3. Men's and accessories were more "challenged," the statement said. Among geographic regions, Texas and the Southeast reported the strongest sales, while sales were weak in the Northeast.
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