Stein Mart September sales decrease
The company's comparable store sales increased 9.1%. During September, comparable stores sales were positive only in intimate apparel, although certain sub-categories within ladies' apparel showed year-over-year improvement, as did fall and holiday seasonal goods in the home division. Geographically, all regions reported negative comparable store sales; however, the Mid-Atlantic States and metropolitan Houston and Dallas markets performed somewhat better than the Company trend. Stein Mart's newly appointed president and CEO, Linda Farthing, said: "Our performance in September was unacceptable. While there are certainly challenges in the macro environment, our focus right now is to scrutinize every aspect of our business for opportunities to generate sales, reduce expenses and increase productivity this fall."