Stein Mart
Stein Mart is a discount department store based in Jacksonville. It has not been doing very well lately. Even though they did balance the sales and improved its digital revenue by 47% in 2017, the company still suffered a bottom-line loss of $23.4 million. We hope that it gets the help it needs ASAP.
Office Depot
Office Depot, the popular office supplier, has suffered a sales drop of 7% to $10.2 billion in 2017. CEO Gerry Smith wants to start offering services instead of simply focusing on retail sales. The change has increased the top-line sales of the company already! The retailer now offers “BizBox,” which is a business-to-business service in the form of a subscription program.