Stein Mart
Discount department store, Stein Mart, has been rumored to be dropping in sales and profits for the last few years. However, they managed to get back on track, but if they are not careful and seek financial advice soon, they will have a disaster in the long-run. Stein Mart would eventually file for Chapter 11 bankruptcy in August 2020 due to the crushing effects of COVID-19 and the attached pandemic, as did many other businesses.
Stein Mart
Office Depot
Office Depot reported a drop in sales of up to 7 percent, resulting in a loss of $10.2 billion for the 2017 financial period. The Company has since increased the earning potentials from just retail sales to others, including a business-to-business service known as “BizBox.” This new addition is a subscription-based program that will help to boost the potential growth of the Company. The Office Depot name is part of the ODP Corporation, which is a leading office supply organization.
Office Depot
