Stein Mart
Stein Mart has been struggling but things are looking up. It managed to offset sales when digital revenue saw a 47 percent increase in 2017. The company reported a $23.4 million loss in bottom-line sales, although this went down by 10 percent. Our favorite store seems to be here to stay. In March, it got a $50 million term loan that could be used to further improve its situation.
Stein Mart
JC Penney
Although JC Penney continues to fare better than Sears, it still has a long way to go. It had to shut down a distribution center and lay off a lot of employees in the past year. The top-line sales experienced a 0.3 percent decrease with its $116 million income in 2017. It is partly struggling thanks to its debt worth $4.2 billion. Investors are apparently fed up with the progress. Let us hope that changing its execs will help.
JC Penney
