Stein Mart posts sales, comp hikes for June
Home & Textiles Today Staff -- Home Textiles Today, July 10, 2014
Jacksonville, Fla. – Mid-tier department store closeout chain Stein Mart saw both its total sales and comps increase during the five-week period ended July 5.
Total sales rose 3.8% to $113.2 million from the year-ago period’s $109.0 million, and comparable store sales increased 2.6%.
Year to date, total sales were up 2.6% to $551.7 million compared to $537.7 million last year, and comp store sales increased 2.1%.
Geographically, the strongest sales areas were from Florida, the Carolinas and California. The Gulf States and Texas were more challenged.
Stein Mart operates 265 stores.