When Jay Stein decided to retire as Stein Mart Inc.’s CEO at age 70 in March 2016, the business hadn’t substantially begun its decline and COVID-19 was nearly four years from being the daily headline that would seal the national department store chain’s demise.
The Jacksonville-based Stein Mart department store chain, which has seen its stock value plummet over the past five years, has entered into an agreement with an affiliate of Kingswood Capital Management, L.P., a private equity firm.
"Years ago, kids was a fairly sizable business,” said Stein Mart President MaryAnne Morin in announcing Monday that the Jacksonville-based fashion retailer is once again featuring clothing and toys for kids.
Friday on our “First Coast Connect" Media Roundtable our panel consisted of blogger Fred Matthews, WJCT business analyst John Burr and The Next Page podcaster Charles Griggs. Writer and director Durden Godfrey, and Third Man Entertainment owner Jared Rush talked about the locally produced film “Never Go Back.” Ryan Ali with the Jacksonville Cultural Council about the PNC Foundation’s “Arts Alive” program and organizers Cody Burton and Tim Kerr told us about the Intersections Festival Saturday in Klutho Park.