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Management

CEO’s resignation costs Stein Mart a consensus ‘underperform’ rating

The department store chain got two downgrades on Thursday after the fashion company’s CEO abruptly resigned after barely six months into the role. The Jacksonville-based fashion retailer did not give a reason for Robertson’s departure in its Thursday morning announcement, but did say recent sales results were disappointing, reported local press....

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BusinessFeatured

U.S. Apparel Retailers Report Growth In November

A number of U.S. apparel retailers on Thursday reported higher sales at established stores for the month of November, as early holiday promotions and an improving economy helped offset the impact of disappointing Black Friday sales. Sales for the month of November was expected to pick up towards the second-half of the month due to the...

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