Stein Mart Jan. Comps. Down

(RTTNews) - Stein Mart Q4 Comparable Store Sales Increase 3.1% [SMRT]

Stein Mart Inc. (SMRT), a store operator of fashion merchandise for men and women, reported a 0.7 percent decrease in its comparable stores sales for the month of January. The Jacksonville, Florida-based company's total sales for the month reached $64.4 million, a decline from last year's $78.9 million.

Jay Stein, CEO, said in a statement, "Our January sales were clearly impacted by the severe weather throughout most of the country. Factoring this out, our sales results for January were consistent with our performance through year-to-date December."

For the fourth quarter, Stein Mart posted a 3.1 percent rise in its same-store sales. Total sales for the quarter were $359.9 million, down from $368.6 million in the same period of last year.