Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
JACKSONVILLE, Fla., Jan. 07, 2016 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ:SMRT) today reported total sales for the five-week period ended January 2, 2016 of $198.3 million, a 4.7 percent increase over total sales of $189.5 million for the five-week period ended January 3, 2015. Comparable store sales for the five-week period ended January 2, 2016 increased 1.8 percent on top of a 5.8 percent comparable store sales increase last year.
Total sales of $1.29 billion for the forty-eight week period ended January 2, 2016 increased 3.4 percent from total sales of $1.25 billion for the forty-eight week period ended January 3, 2015. Comparable store sales for the forty-eight week period ended January 2, 2016 increased 1.2 percent from comparable store sales for the period ended January 3, 2015.
Geographically, sales were relatively consistent across regions. The Company operated 278 stores at the end of December this year compared to 270 stores last year.
About Stein Mart
Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. With 278 locations from California to Massachusetts, as well as steinmart.com, Stein Mart’s focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions. For more information, please visit www.steinmart.com.
SMRT-S
Additional information about Stein Mart, Inc. can be found at www.steinmart.com
For more information: Linda L. Tasseff Director, Investor Relations (904) 858-2639 [email protected]
