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Stein Mart posts sales, comp hikes for June

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.