Stein Mart Reports January Sales down 1.2%

Stein Mart, Inc. SMRT today reported comparable store sales for the four-week period ended January 29, 2011 decreased 1.2 percent. Total sales for the January four-week period were $62.8 million, a decrease of 1.6 percent from $63.8 million in the same period in 2010. Sales performance in January was negatively impacted by adverse weather in the Northeast and parts of the Southeast and Midwest.