Momentum continues at Steinmart

It was a happy holiday from a sales standpoint at Steinmart with the company reporting a 5.8 percent same store sales increase for December.



The 5.8 percent comp increase for the December period ended Jan. 3 follows a 4.8 percent gain in November and a 4.5 percent increase during the prior December.



The off-price department store retailer said total sales for the December period increased 7.9 percent to $189.5 million compared to $175.6 million the prior year. Sales at the company’s 270 nationwide locations increased 4.2 percent to $1.25 billion for the 48 week period ended Jan. 3.

From a regional standpoint, the company said its stores in the Northeast, Midwest and Florida had the strongest sales in December, while the Gulf States and the West performed lower than the chain.