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Stein Mart’s May sales rise
JACKSONVILLE, Fla. — Linens and ladies’ casual and career sportswear buoyed Stein Mart’s total sales for May. The company reported total sales of $107.3 million for the month, an increase of 3.6% from $103.6 million for May last year.
Comparable store sales increased 8.2%.
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Conn’s Q1 income nearly doubles; raises forecast
The Woodlands, Texas -- Conn's Inc.’s net income nearly doubled in its first-quarter, with strong sales of furniture and mattresses and some higher prices. The company lifted its fiscal 2014 adjusted earnings forecast.
Conn's earned a better-than-expected $22.2 million for the quarter ended April 30, up from $11.6 million a year ago.
Revenue jumped 25% to $251.1 million. Same-store sales rose 16.5%.