These Stores Are Planning To Shut Down By 2020

Published on 09/04/2019
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Stein Mart

Stein Mart is a Jacksonville-based discount department store. Sadly, it has not been doing all that well lately. Even though they balanced their sales and improved digital revenue by 47% in 2017, they then reported a bottom-line loss of $23.4 million. Let us hope that things improve for them sooner than later.

Stein Mart

Stein Mart

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Office Depot

In 2017, Office Depot is an office supplier that has seen a sales drop of 7%, which translates to $10.2 billion. CEO Gerry Smith has announced that the company will start offering services on top of retail sales. Apparently, it has already helped the top-line sales of the company. Office Depot offers a business-to-business service in the form of a subscription program called “BizBox”.

Office Depot

Office Depot

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