Stage Stores began as the merger of two retail chains, Bealls and Palais Royal. In June 1992, Stage Stores, then known as Specialty Retailers, Inc. (SRI), acquired Colorado-based Fashion Bar, Inc., a family-owned business with 71 stores, most of which were comparable to Palais Royal and Bealls. P.S: If you liked this article, you might enjoy the just-style newsletter. The remainder were small specialty stores known as Stage Stores, which had already become part of SRI's operation. Get our weekly best-of roundup, Apparel and textile Research Updates: This was largely due to the firm pivoting to the off-price business by converting many of its full-line department stores to the Gordmans brand. The company announced its official Chapter 11 bankruptcy on May 11, with a plan outlined to liquidate and close all of the company’s stores is a buyer is not found. It’s our best ever membership offer – just for you. After Stage Stores opened more than 540 of its stores, sales surged $20 million in the initial days, well above projections of just under $9 million, according to … 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. The corporate office was located in Houston, Texas. [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). The company said that it would begin inventory liquidation sales at stores as soon as they could reopen.[5][6][7]. 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 & … Through a series of acquisitions the company grew to 793 stores as of July 29, 2017. The ability to copy articles is specially reserved for people who are part of a group membership. Address: Aroq House, 17A Harris Business Park, Bromsgrove, Worcs, B60 4DJ, UK. CEO Michael Glazer cited the high sales increases in the locations that were converted in 2018 as the deciding factor in the decision. In 2003, Stage Stores acquired 136 Peebles stores located in 17 states. Stage operated stores under various names, including Goody’s, Bealls, and Palais Royal. The Houston-based company said it is searching for a buyer and plans to reopen and liquidate its stores beginning Friday. These transactions suggest that insiders have considered … 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. After the COVID-19 pandemic caused most of its stores to temporarily close, Stage Stores announced that it would enter bankruptcy proceedings and liquidate its inventory, except for individual stores for which it could find a buyer. [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. According to its website, Stage entered an off-price segment to acquire Gordmans in 2017. 11 bankruptcy, latest retailer felled by coronavirus", "Stage Stores Announces the Launch of Steele's, Its New Off-Price Concept", "Stage Stores Announces the Sale of its Steele's Off-Price Division to the Hilco Global Retail Group", "Some Gordmans department stores bought by rival, will remain open", "Stage Stores shopping for bargain hunters in Rosenberg", "Stage Stores converts to an off-price future – RetailWire", "Stage Stores Announces Total Company Conversion to Off-Price", "Stage Stores files for bankruptcy, says it will liquidate more than 700 stores if it can't find a buyer", Stage/Milliken closing in next three months, "A&G Completes Bankruptcy Sale of Stage Stores' Texas Distribution Center and Other Real Estate Assets", https://en.wikipedia.org/w/index.php?title=Stage_Stores&oldid=989060853, Companies formerly listed on the New York Stock Exchange, Companies traded over-the-counter in the United States, Companies that filed for Chapter 11 bankruptcy in 2000, Companies that filed for Chapter 11 bankruptcy in 2020, Creative Commons Attribution-ShareAlike License, Apparel, Accessories, Cosmetics, Footwear, and Housewares, This page was last edited on 16 November 2020, at 20:51. Stores were usually located in shopping malls and centers or in standalone locations. [16]. +44 (0)1527 573 736 or complete this form.. ©2021 All content copyright just-style.com 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. 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. By the end of fiscal year 2020, Stage planned to operate approximately 700 Gordmans Stores. Associate Buyer salaries at Stage Stores can range from $51,801 - $64,965. Overall, Stage Stores insiders were net buyers last year. Stage Stores Overview. You are agreeing for just-style.com to send you newsletters and/or other information about our products and services that are relevant to you by email. Receive our latest content delivered right to your inbox. Its apparel buyers were based in Las Colinas. If Stage Stores receives a viable acquisition bid, the retailer will cease its wind-down operations at certain locations. Retail stores have been suffering, and Stage Stores has filed Chapter 11, closing all its stores. [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. Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No: 4307068. However, you would not find these stores in major metro markets across the country. Find 238 listings related to Stage Stores in Leesburg on YP.com. When it filed for bankruptcy protection Sunday, Stage Stores said in filings that it was looking for a buyer and planned to reopen its more than 700 stores … They paid about US$1.10 on average. Tel: Intl +44 (0)1527 573 600. Fax: +44 (0)1527 577423. In May 2020, Stage Stores filed for Chapter … Stage expanded into the Northwest with the acquisition in 1997 of C. R. Anthony Co. and Tri-North stores. 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. Learn about Stage Stores culture, salaries, benefits, work-life … [18] This would mean that Stage Stores would completely exit the department store market and instead go all in as an off-price retailer. Bealls had 152 stores, many in small towns. US off-price department store operator Stage Stores is to wind down its business after failing to find a buyer. Exclusive brands of the company include Valerie Stevens, Signature Studio, Sun River, Rustic Blue, Rebecca Malone, and Wishful Park. Find 494 listings related to Stage Stores in Chandler on YP.com. The outlets were located in Arkansas, Kansas, Louisiana, and Mississippi; they were reopened in 1994 under the "Stage" name.[8]. MARIETTA — Gordmans will close its stores, including the Marietta location, if it is unable to find a buyer after Stage Stores voluntarily filed Chapter 11 bankruptcy. The move to liquidate the company and shutter all 720 stores has been approved by a Texas bankruptcy court, and completes plans announced in May when the retailer filed for Chapter 11 bankruptcy protection. Stage Stores was first mentioned on PissedConsumer on Dec 29, 2017 and since then this brand received 34 reviews.. Toll Free from US: 1-866-545-5878. Stage Stores has filed for Chapter 11 bankruptcy, and will simultaneously solicit bids for a going concern sale of the business — or any of its assets — as it initiates an orderly wind-down of operations. You can opt out of individual newsletters or contact methods at any time in the 'Your Account' area. 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