Stein Mart Layoffs Result from Cost-Cutting
America’s retail sector woes are continuing as one after another retailer turns to cost-cutting amid declining sales. Stein Mart layoffs are the latest job cuts to hit the retail sector.
Jacksonville, a Florida-based discount retailer of apparel and accessories Stein Mart has just announced nearly 48 job cuts. But this time, it’s not the retail store jobs on the line. Stein Mart is, in fact, cutting jobs at its corporate head office, affecting the four dozen white-collar employees.