World News: 21:10 GMT Friday 11th January 2019. [Stein Mart, Inc. via Globe Newswire via SPi World News]
JACKSONVILLE, Fla., Jan. 11, 2019 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today reported that its comparable stores sales for the nine-week period ended January 5, 2019 decreased 3.3 percent on a shifted basis, which compares to the nine-week period ended January 6, 2018. Results reflect lower store traffic partially offset by higher average unit retail and digital sales growth of 20 percent.
“Holiday sales were below our expectations, with traffic impacted by changes we made to our holiday marketing strategy,” said Hunt Hawkins, Chief Executive Officer. “Notwithstanding our holiday sales, fiscal 2018 operating results will be significantly better than last year.”
For more information:Linda L. TasseffDirector, Investor Relations(904) 858-2639
Globe Newswire: 21:10 GMT Friday 11th January 2019
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