24 Aug Steinmart Posts Q2 Loss on Weaker Margins, Comps Decline
Stein Mart, Inc. reported Wednesday that total sales decreased 2.7 percent to $311.0 million in the second quarter ended July 29, 2017, while comparable store sales decreased 5.0 percent. Ecommerce sales were up 41 percent over last year’s second quarter. Gross margins fell 720 basis...