Get our weekly best-of roundup, Apparel and textile Research Updates: Stage Stores was a department store company specializing in retailing off-price brand name apparel, accessories, cosmetics, footwear, and housewares throughout the United States. Through a series of acquisitions the company grew to 793 stores as of July 29, 2017. [13], In March, 2019, Stage announced that by mid-2020 they planned to convert at least 220 of their current department stores, including those of other brand names, into Gordmans off-price stores. In 2003, Stage Stores acquired 136 Peebles stores located in 17 states. The company acquired Uhlmans in 1997, which brought Stage to Michigan, Illinois, and Indiana. The bankruptcy filing comes after Stage Stores had shown signs of being on the right path, almost halving its net loss to to US$15.9m in the third quarter to 2 November, and booking a 17.4% jump in comparable sales. The outlets were located in Arkansas, Kansas, Louisiana, and Mississippi; they were reopened in 1994 under the "Stage" name.[8]. Bealls also acquired the rights to the names of Stage's other chains, as well as all of its private label brands and customer lists. The corporate office was located in Houston, Texas. Discover the latest apparel and textile research, I want to hear about apparel and textile industry webinars and relevant offers. However, you would not find these stores in major metro markets across the country. Reviews from Stage Stores employees about working as an Assistant Buyer at Stage Stores. Learn about Stage Stores culture, salaries, benefits, work-life … Clicking above tells us that you're OK with both this and with our privacy policy, terms and conditions and cookie policy. See reviews, photos, directions, phone numbers and more for Stage Stores locations in Chandler, AZ. The Houston-based company said it is searching for a buyer and plans to reopen and liquidate its stores beginning Friday. [12] Under the direction of Stage Stores, Gordmans began to transition away from the specialty department store business model, moving the brand to the off-price retail sector, more resembling stores like T.J. Maxx, Ross, and Burlington. Stage Stores began as the merger of two retail chains, Bealls and Palais Royal. Assistant Buyer, Children's Shoes at Stage Stores, Inc. Jenniffer Hillman - Ellegan Assistant Buyer at Stage Stores; Ashley N. Mayes Attorney: Criminal Defense, Family Law, Wills & … Historic fall expected in world merchandise trade Find contact's direct phone number, email address, work history, and more. On May 10, 2020, Stage announced it had filed for Chapter 11 Bankruptcy, and that it would liquidate all locations, Goody's and Gordmans included, unless a buyer could be found for the chain. [15], In May 2020, Stage Stores filed for Chapter 11 bankruptcy, even though the ongoing conversions had resulted in same-store sales rising more than 17% in the November-January fiscal quarter. Published by Aroq Ltd. Stage Stores Overview. The company purchased the Goody's name through the Goody's bankruptcy auction in 2009. You can opt out of individual newsletters or contact methods at any time in the 'Your Account' area. All in one place. CEO Michael Grazer cited the high sales increases in locations that had already been converted as the main factor in this decision. [7][5][6] On October 21, 2020, Stage sold its intellectual property and a distribution center in Texas to Florida-based Bealls, Inc. for $7 million. View Martha Lenz's business profile as Associate Buyer at Stage Stores. Then, in 2018 it began testing the conversion of department stores to Gordmans off-price stores. The overall rating of the company is 1.3 and consumers are mostly dissatisfied.. The company is looking for a sale of its brands or any of its assets as it starts liquidation sales at its stores, which will reopen in phases. Retail stores have been suffering, and Stage Stores has filed Chapter 11, closing all its stores. Tel: Intl +44 (0)1527 573 600. Sign-up to the just-style newsletters and get 'Too Many Standards' for FREE, Daily Alert: Houston-based Stage Stores Inc. (NYSE: SSI), which owns several department store brands, has filed for Chapter 11 bankruptcy protection and is looking to sell its business. PREVIOUS, Sri Lanka's textile and garment exports drop 30% in H1 On May 11, 2020, Stage Stores announced it had filed for Chapter 11 bankruptcy after failing to find a buyer for the chain. Notably, this allowed the Florida chain to use the Bealls name nationwide; previously, Stage owned the rights to the Bealls name nationwide, except in Arizona, Florida and Georgia. But only paid just-style members have full, unlimited access to all our exclusive content - including 21 years of archives. Gordmans' owner Stage Stores could liquidate if it does not find a buyer. Stage Stores said it would wind down its operations and begin store-closing sales in phases, while at the same time seeking bids for a going-concern sale for its entire business or some of its assets. [14] In September, 2019, Stage Stores announced that they planned to completely exit the department store market, moving completely to the off-price model, converting all other stores brands to the Gordmans brand, and operating approximately 700 Gordmans stores by the third quarter of fiscal 2020 (August-October). +44 (0)1527 573 736 or complete this form.. ©2021 All content copyright just-style.com The company had suffered poor sales in the 2019 holiday season, and after the onset of the COVID-19 pandemic and the ensuing retail shutdowns that began in March 2020, Stage Stores was unable to secure financing that would allow the continued operation of the chain. Find new apparel sourcing destinations, assess trade flows and manage tariffs. Stores were usually located in shopping malls and centers or in standalone locations. Stage Stores joins other US retailers that have succumbed to bankruptcy during the pandemic, including Stein Mart, Tailored Brands, Ascena Retail Group, J.Crew and department store Lord & Taylor. Stage Stores, Inc. has acquired many stores over the years, including the following: On September 17, 2019, Stage Stores announced plans to convert all remaining Stage, Bealls, Palais Royal, Peebles, and Goodys department store locations into Gordmans stores by the end of 2020. [7] No buyer had been found, and going out of business sales had begun at all locations. The discount apparel and home decor retailer is a Stage Stores company and former sister store to Bealls, Goody’s, Palais Royal, Peebles and Stage. They paid about US$1.10 on average. Stage Stores operated 782 department stores in 42 states, almost all of which were eventually converted to their flagship brand, Gordmans, which it acquired in 2017. 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