Stein Mart
The Jacksonville-based discount department store has not been doing very well, but it looks everything is looking up for it. Stein Mart saw some improvement because its sales and digital revenue went up by 47 percent during the second half of 2017. The company reported a bottom-line loss of $23.4 million but said that it has gone down by 10 percent. It seems like this discount store will be out of hot water soon enough. Apparently, it sought the assistance of advisors to help improve things. RetailDive said that it also got a $50 million loan earlier this year. Whew.
Stein Mart
JC Penney
JC Penney has been struggling. In 2018, it had to lay off a thousand employees and close a distribution center. In 2017, the top-line sales went down by 0.3 percent on a $116 million net income. According to RetailDive, the company is suffering from its $4.2 billion debt. JC Penny investors are allegedly getting fed up with its slow progress. The company tried to make things better by changing the executive lineup.
JC Penney