stage stores news releases

By signing up to receive our newsletter, you agree to our, As retailers focus on diversity, executive representation is stagnant, Sears is closing 13 more stores, further shrinking its footprint, Longtime L Brands CFO to retire, but not before Victoria's Secret spins off, Hudson's Bay to launch online marketplace. HOUSTON-- ( BUSINESS WIRE )--Stage Stores, Inc. (NYSE: SSI) today announced plans to convert substantially all its stores to off-price. December 9, 2020 GMT (PRNewsfoto/Stage) (PRNewsfoto/Stage) DENVER, Dec. 9, 2020 /PRNewswire/ -- Stage, a turnaround venture fund that invests in technology enabled and consumer products businesses in need of fresh capital and … But the company's finances have been tight for some time, and holiday sales that fell well short of projections have created a liquidity crisis for Stage. SSI: Get the latest Stage Stores stock price and detailed information including SSI news, historical charts and realtime prices. A free inside look at company reviews and salaries posted anonymously by employees. Subscribe to daily or weekly news alerts. STAGE STORES INC. quote : historical data and live quotes, charts, news, analyses, trading signals, calendar, informations and community tools The downturn happened swiftly. Follow Twitter. The pandemic ushered in a wave of major bankruptcies — 30 in total — as retailers struggled to pay rent, vendors and other expenses. . enVista Offers Retailers, Distributors and Manufacturers Complimentary Omnichannel Health Ch... Best Buy is quietly closing US stores across 4 states, End-of-life regulation is coming for fashion, Naomi Sims’ Legacy: Entrepreneurship, Inclusion and Black Is Beautiful, How Nestle’s Garden of Life Attracted New Customers With Their DTC Approach, Power-Rank and Store-Cluster in Minutes, Not Days, Voice of the Industry: Building Bigger Baskets by Engaging Shoppers, 2020 Annual Survey: Digital Product Creation Maturity in Retail, Footwear and Apparel, Reimagining Retail Commerce in a Post-COVID World. This trendline explores several topics facing small retailers as disruptions from the pandemic, e-commerce and broader economic trends continue to bedevil operations. Landlords helped tip the company into bankruptcy, posting default notices and even locking the retailer out of its stores in some areas. Plans called for the company to close 40 stores and convert the rest to Gordmans, which Stage acquired out of bankruptcy in 2017. The free newsletter covering the top industry headlines, Stage Stores plans to close about 200 Gordmans stores and department stores that were slated to be converted into Gordmans, according to three people with knowledge of the company's plans. Close. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. SEATTLE--(BUSINESS WIRE)--Oct. 23, 2019-- Amazon (Nasdaq:AMZN) today announced the expansion of Counter, a network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store … Stage Stores has received court approval for its bankruptcy plan, which calls for the liquidation of all its stores and the wind down of the company. Stage Stores, Inc. today reported that its total sales for the five-week March period beginning March 4, 2007 and ending April 7, 2007 increased 14.9% to $151.0 million from... | … Stage Stores Inc (NYSE:SSI) announced its quarterly earnings results on Thursday, August, 23rd. Stage Stores had a negative net margin of 5.78% and a negative trailing twelve-month return on equity of 34.21%. Stage Stores names CFO . Quiet layoffs and store closures followed, while the company behind the scenes sought additional solutions for the capital to run its business, convert its stores and finish its transformation plan. Stage Stores, Inc. today announced that it will release its first quarter fiscal 2018 financial results on Thursday, May 24, 2018. Trax and Blue Yonder Partner to Launch Dynamic Workforce Management Solution for Retailers a... Wharton School Launches 12-month Advanced Business Analytics Program, Best Buy is quietly closing US stores across 4 states, End-of-life regulation is coming for fashion, Naomi Sims’ Legacy: Entrepreneurship, Inclusion and Black Is Beautiful, How Nestle’s Garden of Life Attracted New Customers With Their DTC Approach, Power-Rank and Store-Cluster in Minutes, Not Days, Voice of the Industry: Building Bigger Baskets by Engaging Shoppers, 2020 Annual Survey: Digital Product Creation Maturity in Retail, Footwear and Apparel, Reimagining Retail Commerce in a Post-COVID World. Nonetheless, Stage Stores saw its future in the Gordmans model, which promised younger customers and a more popular model than its fading department stores. Clear Keyword search Keyword. Ben Unglesbee Stein Mart and Tuesday Morning — both, like Stage, smaller chains without the scale and buying power of the large off-pricers — filed for bankruptcy this year amid the COVID-19 disruption. Stage Stores Inc filed for Chapter 11 bankruptcy late on Sunday, the latest casualty of the coronavirus pandemic following the collapse of luxury store … In 2019, Stage Stores — which also operates the Bealls, Goody's, Peebles and Palais Royal banners — converted 89 stores to its off-price Gordmans brand. 547 Stage Stores reviews. The release of the Company’s results... | January 4, 2021 1 Min Read. Stage Stores, which has been operating around 700 stores in some 42 states for years, is in the process of rebranding its entire retail fleet under the Gordmans name and the off … There followed, in the early months of 2020, bankruptcy rumors and a liquidity crisis as the retailer's lenders tightened its leash. The Houston-based operator of … There followed, in the early months of 2020, bankruptcy rumors and a liquidity crisis as the retailer's lenders tightened its leash. Company News and Press Releases. What does a government reckoning with Google and Facebook mean for retail? In all, the retailer would be left with a footprint of about 500 stores, Closures have begun at many stores, Retail Dive, But the company's finances have been tight for some time, and holiday sales that fell well short of projections have created a liquidity crisis for Stage. Not even the best-performing sectors in retail can provide shelter from the pandemic and the industry trends it has accelerated. In 2019, Stage Stores — which also operates the Bealls, Goody's, Peebles and Palais Royal banners — converted 89 stores to its off-price Gordmans brand. Using Brand Purpose to Drive Awareness and ROI, Raising the B2B Bar: Bringing B2C Growth and Opportunity to B2B Ecommerce, Wharton School Launches 12-month Advanced Business Analytics Program. With approximately 800 stores in 40 states, Stage Stores operates under a number of names, including Bealls, Goody's, Palais Royal, and Peebles. Stage Stores (NYSE: SSI ) shares are trading lower on Tuesday following a Wall Street Journal report that the company is preparing for a possible bankruptcy. All of its troubles to win financing and grow sales were. There were skeptics all along that the retailer could pull off its plans. Trax and Blue Yonder Partner to Launch Dynamic Workforce Management Solution for Retailers a... Stuzo and Kount Partner to Bring Industry-Leading Fraud Protection to Stuzo’s Open Commerce®... Interface Shares its top 2021 Networking Predictions for Restaurants, Nordstrom leans on off-price, digital to chase customers and profits, Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena, Retailers tout initiatives for Black History Month. Stage Stores reported a net loss of $15.9 million on revenue of $399 million during its most recent quarter ended Nov. 2. Ben Unglesbee For the first quarter, comparable sales decreased 3.1 percent. This week, employees in divisions across the company were told to wait at their desk for a call from human resources, to find out if they had a job or not, three people familiar with the process said. Â, As it tries to stabilize its finances, Stage is also behind on payments to several of its suppliers, according to four sources with knowledge of the company's supply chain.Â, Follow The company was at risk of bankruptcy long before COVID-19 came along. The results were so good it gave the company confidence in its accelerated plan to convert the rest of its remaining stores to the off-price format. Stage Stores, Inc. (NYSE:SSI) today reported results for the fourth quarter and fiscal year ended February 2, 2019 and initiated guidance for fiscal y Then the coronavirus found its way to the U.S. It entered the off-price market by buying Gordmans out of bankruptcy in 2017. It ended the year with 158 off-price stores, which was 100 more than it had in 2017. Retail Fatalities & Violent Incidents Up 40% in the U.S. in 2020, According to D&D Daily Rep... Interface and Video Analytics Company, Ignite Prism, Form Exclusive Partnership, Nordstrom leans on off-price, digital to chase customers and profits, Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena, Retailers tout initiatives for Black History Month. But the holidays delivered a disappointing performance, casting doubt on its conversion plans. Stage Store also now expects full-year same-store sales to rise 4.0% to 4.5% versus previous expectations of 7% to 9% growth. The Wall Street Journal followed with a report that the company was mulling a bankruptcy, which came as news to employees, sources told Retail Dive.Â, By signing up to receive our newsletter, you agree to our, The running list of 2020 retail bankruptcies, Sears is closing 13 more stores, further shrinking its footprint, Longtime L Brands CFO to retire, but not before Victoria's Secret spins off, Hudson's Bay to launch online marketplace. Citing people familiar with the matter, WSJ reports the company is preparing for a "financial restructuring that could include a bankruptcy filing" … Full story available on Benzinga.com The Company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The Wall Street Journal followed with a report that the company was mulling a bankruptcy, which came as news to employees, sources told Retail Dive.Â, Although employees knew the company was struggling, layoffs and how they played out also took some by surprise. The company declared in a January presentation that "our future is off-price.". The company's shares traded under a … Then the coronavirus found its way to the U.S. Arts, culture and sport Brexit Building, planning and design Business, industry and innovation Children and families Communities and third sector Constitution and democracy Coronavirus in Scotland Economy Education Energy … Gordmans had fallen on hard times along with much of retail, despite the ascendance of off-price giants like TJX Cos. and Ross Stores. The downturn happened swiftly. Show filters. Stage Stores plans to convert all of its department stores into Gordmans locations, staking the future of the Houston company on the flourishing off-price segment of the retail industry.. This trendline explores several topics facing small retailers as disruptions from the pandemic, e-commerce and broader economic trends continue to bedevil operations. What does a government reckoning with Google and Facebook mean for retail? Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted … A free inside look at company reviews and salaries posted anonymously by employees. Nearly 100 years old, Stage Stores rolled up numerous department store banners into a retailer formed originally by merging the Bealls and Palais Royal chains. The free newsletter covering the top industry headlines, Stage Stores has received court approval for its, , which calls for the liquidation of all its stores and the wind down of the company, According to Law360, real estate developer Ali Choudhri, , but Stage Stores attorneys said they were unable to close a deal, The story of Stage Stores' recent history could give an observer whiplash. Company profile page for Stage Stores Inc including stock price, company news, press releases, executives, board members, and contact information Reports circulated Wednesday afternoon that the troubled retailer had laid off anywhere between 20 … Less than a year ago, the retailer triumphantly reported a quarter of explosive sales growth, following the conversion of many of its department stores to the off-price Gordmans banner. Is Stage Stores setting the stage for its final act? Retail Academy Announces Customized eTraining to Upskill Employees and Maximize Profitability. As recently as November, executives raised their financial estimates for the year and were projecting optimism about the transformation.Â, The retailer has reportedly been working with advisers and lawyers to restructure its debt. A report from Debtwire that Stage had hired Kirkland & Ellis, known in retail for its bankruptcy work, set off concerns among suppliers. That question will have to remain a hypothetical, as the retailer winds down its business and prepares to turn off the lights. Filter by date. Company reports stellar third quarter results with comparable sales up an eye-catching 17.4%. I agree to TheMaven's Terms and Policy Sign Up Already have an account? HOUSTON – Stage Stores announced Monday that the company has filed for Chapter 11 bankruptcy, according to a news release. STAGE STORES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. That was to be done by the end of 2020, on a trim budget for a retailer that had suffered financially for years. Some were skeptical about Stage Stores' plans to convert to Gordmans so quickly, given the small sample size of stores it based its plans on and its relatively small supply of capital to power the conversions with. , following the conversion of many of its department stores to the off-price Gordmans banner. Subscribe to Retail Dive to get the must-read news & insights in your inbox. All of its troubles to win financing and grow sales were exacerbated by the COVID-19 crisis. Stage Stores, Inc., reported last week results for the first quarter ended May 4, and reaffirmed guidance for fiscal year 2019. Full-year guidance raised across the board. Date from. Some were skeptical about Stage Stores' plans to convert to Gordmans so quickly, given the small sample size of stores it based its plans on and its relatively small supply of capital to power the conversions with. on As recently as November, executives, The retailer has reportedly been working with advisers and lawyers to restructure its debt.Â, , known in retail for its bankruptcy work, set off concerns among suppliers. Twitter. Filters. Stage Stores isn't the only discounter to enter bankruptcy this year. September 17, 2019 06:30 AM Eastern Daylight Time. Amazon Counter Pickup Points Available with New Partners GNC, Health Mart and Stage Stores, Offering Customers Even More Convenient Options for Delivery . In March, Stage Stores had to close its locations along with much of the retail world. Stage Acquires ThirdChannel, a National Leader in Optimizing Retail Execution and In-store Customer Experience. The company reported ($0.60) EPS for the quarter. Other News; Press Releases; No Headlines Available . The company owns Goody’s, Peebles and Gordmans. Last fall, Stage Stores outlined a bold plan to convert its remaining department stores to its off-price Gordmans banner by the end of fiscal 2020. Discover announcements from companies in your industry. Date to. By Reuters Staff. Stage Stores is a department store that specializes in offering brand name apparel, accessories, footwear, beauty, and housewares to consumers around the United States. 548 Stage Stores reviews. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. The story of Stage Stores' recent history could give an observer whiplash. Protests against systemic racism this year pushed retailers to take a magnifying glass to diversity, and many areas are lacking. News. Stage Stores Inc. will close about 40 stores as part of a plan to substantially convert to its off-price Gordmans banner. Stage Stores Inc. said yesterday that it had postponed its planned $144 million initial public offering, citing a weaker market for new stocks. Updated . The Company will terminate the wind-down of operations … During the same quarter in the prior year, the firm … Stage Stores, Inc. has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company was able … No Headlines Available. , casting doubt on its conversion plans. Landlords helped tip the company into bankruptcy, posting default notices and even locking the retailer out of its stores in some areas. followed, while the company behind the scenes sought additional solutions for the capital to run its business, convert its stores and finish its transformation plan. The business had revenue of $369.29 million for the quarter. STAGE STORES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. on "They excel in providing efficient and highly valued services to improve in-store performance for the brands they work with, and we believe Stage will … Discover announcements from companies in your industry. The … Using Brand Purpose to Drive Awareness and ROI, Raising the B2B Bar: Bringing B2C Growth and Opportunity to B2B Ecommerce. Would the retailer have survived, though, in a market absent a pandemic? Stage Stores will liquidate its inventory by reopening about 557 stores on Friday, about 67 stores on May 28, and the remaining locations on June 4. Topics . Less than a year ago, the retailer triumphantly reported a quarter of. Stage Stores Inc. ( SSI) is a retail chain that operates (as of November 21, 2019) 772 retail stores, including 189 off-price Gordman's stores. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. 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