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Stein Mart Reports November/December Sales

Stein Mart, Inc (SMRT)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
PDF JACKSONVILLE, Fla., Jan. 11, 2019 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today reported that its comparable stores sales for the nine-week period ended January 5, 2019 decreased 3.3 percent on a shifted basis, which compares to the nine-week period ended January 6, 2018. Results reflect lower store traffic partially offset by higher average unit retail and digital sales growth of 20 percent.            “Holiday sales were below our expectations, with traffic impacted by changes we made to our holiday marketing strategy,” said Hunt Hawkins, Chief Executive Officer. “Notwithstanding our holiday sales, fiscal 2018 operating results will be significantly better than last year.” ICR ConferenceStein Mart will be presenting at the 2019 ICR Conference being held at the Grande Lakes Hotel and Resort in Orlando, FL on Monday, January 14, 2019 at 3:30 p.m. EST. The audio portion of the presentation will be webcast live and available for 90 days through the Investor Relations web [Read more]

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