Thursday, Stein Mart Inc. (SMRT) said its comparable store sales for the month of December declined 2.0% compared with the year-ago period. Total sales for the month decreased 4.4% to $170.2 million from $178.0 million in the prior year period.
Quarter-to-date comparable store sales fell 4.1% from the earlier period. Total sales for the period were down 6.3% to $278.0 million from $296.8 million in the comparable period.
Year-to-date comparable store sales declined 5.8% from the earlier period. Total sales for the period decreased 8.3% to $1.15 billion from $1.25 billion a year ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.