Stein Mart
Stein Mart was lucky enough to put balance in sales. Digital revenue has also increased by 47 percent in 2017’s second half. The company reported a bottom-line loss of $23.4 million for the year, although it said the loss has gone down by 10 percent since then. The store sought the help of advisors, which must be how it got a $50 million term loan. We’re glad the discount department store has been doing better!
Stein Mart
JC Penney
JC Penney is not faring very well. In 2018, it had to let go of a thousand employees and shut down a distribution center. The top-line sales went down by 0.3 percent on a net income of $116 million. The company has been having problems making a comeback because of its $4.2 billion debt. Its investors have been getting impatient with the state of things. It has since changed the executive lineup, so let us hope that things will get better soon.
JC Penney
