Linens a factor in Stein Mart's sales and comp increases in August
Home & Textiles Today Staff -- Home Textiles Today, September 5, 2013
Jacksonville, Fla. - Linens continued to be a leader in sales among the merchandise categories at Stein Mart, which posted sales and comp increases during the month of August.
The 260-unit off-price department store chain reported a 3.7% increase in total sales to $83.3 million and a comp gain of 3.8%
Year to date, sales were up 3.8% to $695.6 million, and comps grew 3.6%
Aside from linens, the strongest sales for the month were posted by ladies' boutique, gifts and dresses. Most challenged were ladies' casual sportswear, ladies' special sizes, men's sportswear and jewelry.
Geographically, August sales were strongest in Florida and the Southeast while the Midwest and California performed lower than the chain.
The company closed two stores in Florida - in Gainesville and Tequesta - during the month.
Mednick Talks to HTT about Online Trends for Textiles