Stein Mart
Stein Mart is a Jacksonville-based discount department store that has been having sales problems, although things have been looking up. It has been able to put balance in sales and increase digital revenue by 47 percent in the second half of 2017. The company reported a bottom-line loss of $23.4 million but said the loss has gone down by 10 percent. It seems like there is little reason to worry now.
Stein Mart
JC Penney
JC Penney is yet another company that has not been doing so well, although its performance is better than Sears. In 2018, the company fired 1,000 employees and shuttered a distribution center. In 2017, the top-line sales went down by 0.3 percent when the net income was $116 million. RetailDive said that the company is having problems going back to the way things were. The $4.2 billion debt of the company does not help matters, of course. Investors are allegedly feeling impatient with its progress. Only time will tell if changing the executive lineup will do anything for it.
JC Penney