 | |
 Stage Stores, Inc. Corporate Office | |
| Industry | Retail |
|---|---|
| Founded | 1988 |
| Fate | Chapter 11 bankruptcy |
| Headquarters | Houston, Texas |
Number of locations | 786 (2019)[1] |
Key people | William J. Montgoris (Non-Executive Chairman) Michael L. Glazer (President, CEO) Steve Williams (CIO) |
| Products | Apparel, Accessories, Cosmetics, Footwear, and Housewares |
| Revenue |  US$1.64 billion (2019)[2] |
| US$−87.9 million (2019)[2] | |
| Total assets | US$794.25 million (2019)[3] |
| Total equity | US$254.53 million (2019)[3] |
| Owner | BrandX.com (2022-present) |
Number of employees | 13,600 (Feb. 2019)[1] |
| Parent | BrandX.com (2022-present) |
| Website | Archived official website at the Wayback Machine (archive index) |
Stage Stores was a department store company specializing in retailing off-price brand name apparel, accessories, cosmetics, footwear, and housewares throughout the United States. Stores were usually located in shopping malls and centers or in standalone locations. The corporate office was located in Houston, Texas.[4]
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. Historically, Stage Stores operated full-price retail outlets under the Bealls, Palais Royal, Peebles, Stage, and Goody's nameplates before transitioning away from that business model and toward an off-price positioning in 2019 and 2020.
On May 11, 2020, Stage Stores announced it had filed for Chapter 11 bankruptcy after failing to find a buyer for the chain. 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. The company said that it would begin inventory liquidation sales at stores as soon as they could reopen.[5][6][7]
Exclusive brands of the company included Valerie Stevens, Signature Studio, Sun River, Rustic Blue, Rebecca Malone, and Wishful Park.
- ^ a b "Stage Stores Company Profile". December 12, 2019.
- ^ a b "Stage Stores Inc. Annual Income Statement". www.marketwatch.com. Archived from the original on June 12, 2020. Retrieved June 12, 2020.
- ^ a b "Stage Stores Inc. Annual Balance Sheet". www.marketwatch.com.
- ^ "Company Profile." Stage Stores. Retrieved on December 14, 2009.
- ^ "Discount retailer Stage Stores files for bankruptcy". The Wall Street Journal. (via Fox Business). May 11, 2020. Retrieved May 11, 2020.
- ^ Remkat, Rama (May 11, 2020). "Stage Stores files for bankruptcy as pandemic chokes sales". Reuters. Retrieved May 11, 2020.
- ^ Takahashi, Paul (May 11, 2020). "Stage Stores files for Ch. 11 bankruptcy, latest retailer felled by coronavirus". Houston Chronicle. Retrieved May 11, 2020.