Why Is Everyone Talking About The Closing Of These Store Brands?

Published on 04/16/2020
ADVERTISEMENT

Stein Mart

Stein Mart, which is a discount department store located in Jacksonville, seemingly isn’t doing so well as late. While they balanced their revenues and grew their digital revenue by 47 percent in 2017, they posted a bottom-line loss of $23.4 million. We hope that some financial advisors try to aid them quickly.

Stein Mart

Stein Mart

ADVERTISEMENT

Office Depot

Business supplier Office Depot saw a 7 percent decrease in revenue in 2017 to $10.2bn. Instead of concentrating solely on retail sales, CEO Gerry Smith says they’ll also begin to offer services. The shift has already lifted the top-line of the company. Office Depot also provides a business-to-business operation, a subscription system called “BizBox.”

Office Depot

Office Depot

ADVERTISEMENT