Stein Mart
Stein Mart has been having troubles with sales, but it seems like things will get better for it soon. The Jacksonville-based department store managed to regain balance in sales. On top of that, its digital revenue went up by 47 percent in the second half of 2017. It reported a bottom-line loss of $23.4 million, but this has since decreased by a tenth. The store sought help from advisors and closed in on a $50 million loan as well. We’re glad to hear these developments!
Stein Mart
JC Penney
JC Penney has not been doing well despite laying off a thousand employees and closing a distribution center last year. The top-line sales went down by 0.3 percent in 2017. A big factor in its struggle would be its debt of $4.2 billion. The investors are feeling impatient with the lack of progress. The company recently changed its executive board, so perhaps the new chiefs can alleviate the situation.
JC Penney
