Stein Mart Oct. Comps. Rise 5.4% - Quick Facts

(RTTNews) - Stein Mart, Inc. (SMRT) said its October total sales advanced 6.9 percent to $95.0 million, from $88.8 million last year, and comparable-store sales rose by 5.4 percent. The company said its strong sales continued into October, driven by upgraded designer and national brands, great fashion-forward merchandise and value pricing.

For the third quarter, total sales increased by 6.1 percent and comparable-store sales by 4.8 percent.

The firm operated 264 stores at the end of October this year, compared with 262 stores last year. One store was opened this month in Watchung, NJ and one store located in Anaheim, CA was relocated to an improved site.