Stein Mart sales sail in Q2, July

Jacksonville, Fla. – Stein Mart Inc. reported rising total sales in both the second quarter and July 2015. Total sales for the quarter rose 4% to $311.6 million, from $298.1 million.



In addition, ladies’ apparel, led by dresses and ladies’ boutique, drove a 4% boost in total sales during July 2015, to $76.6 million from $75.3 million. The shift of sales tax holidays from July to August in eight states for 102 stores, as well as higher liquidation sales in July 2014 for three stores that were relocated, negatively impacted monthly sales.



"We are pleased with our second quarter sales results, despite the weaker July which was clearly not in line with our current trend," said Jay Stein, CEO.