Stein Mart
Sales difficulties were faced by Stein Mart, but it seems that things would eventually get better. The department store in Jacksonville has managed to recover its financial balance. Additionally, in the second half of 2017, its digital sales rose to 47%. There was a reduction of 23.4 million dollars in the final figure, but this dropped by a tenth since then. The store received help from experts and also settled on a $50 million loan. We are delighted to hear these improvements!
Stein Mart
JC Penney
Despite losing 1,000 workers and closing a distribution center last year, JC Penney did not do well. In 2017, the top sales dropped by 0.3%. His $4.2 billion debt would be a significant factor in his failure. With the lack of progress, the investors felt restless. The organization has just replaced its executive boards so that the new chief can perhaps fix the situation.
JC Penney
