Stein Mart, Inc. Reports June 2009 Sales

JACKSONVILLE, Fla., July 9 /PRNewswire-FirstCall/ — Stein Mart, Inc. (Nasdaq: SMRT) today reported total sales and comparable store sales for the fiscal period(s) ended July 4, 2009.

                                       Total Sales         Percent Change
                                      (in millions)
                                                        Total   Comparable
    Fiscal period                    2009      2008     Sales   Store Sales
    June (5 weeks)                  $108.8    $122.6   (11.3)%    (8.0)%
    Quarter to date (9 weeks)       $214.2    $231.0    (7.3)%    (4.2)%
    Year to date (22 weeks)         $533.7    $583.1    (8.5)%    (6.5)%

During June, the best performing categories continued to be dresses and ladies’ casual sportswear. The most difficult businesses were ladies’ career sportswear and gifts. Stores in the West and in the Ohio Valley led the Company’s sales performance, while stores in the Southeast and in the mid-Atlantic experienced the weakest trends.

There were 273 stores in operation at July 4, 2009 as compared to 284 at the same time last year.

About Stein Mart

Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices up to 60 percent off department and specialty store original prices, every day. Currently with locations from California to Massachusetts, Stein Mart’s focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, gifts, linens and shoes.

SMRT-S

Additional information about Stein Mart, Inc. can be found at www.steinmart.com

SOURCE Stein Mart, Inc.