just-style gives you the widest apparel and textile market coverage. Reviews from Stage Stores employees about working as a Buyer at Stage Stores. Closures as part of the bankruptcy included most of the former Fashion Bar, Milliken's, Tri-North, and Uhlman's stores, as well as an exodus from Wisconsin, Michigan, and Minnesota. The typical Stage Stores Associate Buyer salary is $60,468. It’s our best ever membership offer – just for you. [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. 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 & … Fax: +44 (0)1527 577423. The chain is being put up for sale, in part or whole. Bealls had 152 stores, many in small towns. Stage Stores Inc., the owner of rural department and discount stores including Goody’s, Peebles and Gordmans, filed for bankruptcy protection, adding to the toll … 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. The corporate office was located in Houston, Texas. Find 494 listings related to Stage Stores in Chandler on YP.com. Stage Stores began as the merger of two retail chains, Bealls and Palais Royal. Retail stores have been suffering, and Stage Stores has filed Chapter 11, closing all its stores. NEXT. 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. Stage Stores was a department store company specializing in retailing off-price brand name apparel, accessories, cosmetics, footwear, and housewares throughout the United States. But only paid just-style members have full, unlimited access to all our exclusive content - including 21 years of archives. The company purchased the forty-nine stores of Beall-Ladymon, Inc., sold by company president Horace Ladymon. All in one place. Stage Stores, which operates hundreds of Palais Royal, Bealls and Goody’s department stores, filed for Chapter 11 bankruptcy late Sunday, making it the third large retailer to do so in the past week. Get our weekly best-of roundup, Apparel and textile Research Updates: In 2003, Stage Stores acquired 136 Peebles stores located in 17 states. I am so confident you will love complete access to our content that today I can offer you 30 days access for $1. 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. In May 2020, Stage Stores filed for Chapter … Through a series of acquisitions the company grew to 793 stores as of July 29, 2017. The overall rating of the company is 1.3 and consumers are mostly dissatisfied.. Learn about Stage Stores culture, salaries, benefits, work-life balance, management, job security, and more. The liquidation sales will coincide with a phased … Exclusive brands of the company include Valerie Stevens, Signature Studio, Sun River, Rustic Blue, Rebecca Malone, and Wishful Park. Stage expanded into the Northwest with the acquisition in 1997 of C. R. Anthony Co. and Tri-North stores. Overall, Stage Stores insiders were net buyers last year. +44 (0)1527 573 736 or complete this form.. ©2021 All content copyright just-style.com 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. Aroq publishes: just-auto.com | just-food.com | just-drinks.com | just-style.com, Get full access to all content, just $1 for 30 days. 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 … Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No: 4307068. On May 11, 2020, Stage Stores announced it had filed for Chapter 11 bankruptcy after failing to find a buyer for the chain. Stage Stores Overview. 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. The company said that it would begin inventory liquidation sales at stores as soon as they could reopen.[5][6][7]. [11], Stage Stores acquired the Gordmans' assets in March 2017 after becoming the winning bidder in a bankruptcy sale. Stage operated stores under various names, including Goody’s, Bealls, and Palais Royal. As part of expanding the brand, Stage Stores opening their first new Gordmans store in Rosenberg, Texas in March, 2018. By the end of fiscal year 2020, Stage planned to operate approximately 700 Gordmans Stores. All of these newly acquired stores, however, were closed by 1999 when Stage Stores filed for Chapter 11 bankruptcy. 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Stage Stores filed for Chapter 11 bankruptcy with plans to liquidate its operations unless it can find a buyer soon. Gordmans was a chain of Midwestern off-price department stores founded in Omaha, Nebraska.The chain has been owned by Stage Stores since March 2017. Then, in 2018 it began testing the conversion of department stores to Gordmans off-price stores. 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. Stage Stores was first mentioned on PissedConsumer on Dec 29, 2017 and since then this brand received 34 reviews.. The nameplate was used in markets with a strong customer awareness and brand recognition of the name. These transactions suggest that insiders have considered … If Stage Stores receives a viable acquisition bid, the retailer will cease its wind-down operations at certain locations. Stores were usually located in shopping malls and centers or in standalone locations. [9], In 2011, Stage Stores began a new chain called Steele's,[10] but in March 2014 it was announced that these stores are being sold to Hilco Global. Stage Stores, the parent of off-price banner Gordmans, filed for Chapter 11 bankruptcy in Texas late Sunday night. Published by Aroq Ltd. 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. [7] No buyer had been found, and going out of business sales had begun at all locations. [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. Stage Stores plans to solicit bids for a “going concern sale” of the business or any of its assets while, at the same time, initiating an orderly wind … View Martha Lenz's business profile as Associate Buyer at Stage 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. 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. Toll Free from US: 1-866-545-5878. 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. Get the daily apparel and textile news as it happens, Weekly News Summary: 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. Gordmans' owner Stage Stores could liquidate if it does not find a buyer. Its earlier plans to explore recapitalisation options as part of a larger restructuring strategy were also stymied by the Covid-19 pandemic, which required it to temporarily close all of its stores and furlough the vast majority of workers. Stage Stores ranks 880 of 3109 in E-commerce category. Recent recommendations regarding this business are as follows: "I wouldn't buy anything else out this store… [19], "Stage Stores Inc. The ability to copy articles is specially reserved for people who are part of a group membership. However, you would not find these stores in major metro markets across the country. The remainder were small specialty stores known as Stage Stores, which had already become part of SRI's operation. Stage Stores was a department store company specializing in retailing off-price brand name apparel, accessories, cosmetics, footwear, and housewares throughout the United States. The company purchased the Goody's name through the Goody's bankruptcy auction in 2009. This estimate is based upon 7 Stage Stores Associate Buyer salary report(s) provided by employees or estimated based upon statistical methods. Its apparel buyers were based in Las Colinas. Sign-up to the just-style newsletters and get 'Too Many Standards' for FREE, Daily Alert: Discover the latest apparel and textile research, I want to hear about apparel and textile industry webinars and relevant offers. 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. In 1996, SRI completed the closure of the other Fashion Bar Stores but retained the Stage name. The corporate office was located in Houston, Texas.[4]. Historic fall expected in world merchandise trade Penney is planning to shut about 30% of its stores, or about 240 … Tel: Intl +44 (0)1527 573 600. 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. [18] This would mean that Stage Stores would completely exit the department store market and instead go all in as an off-price retailer. The operator of the Gordmans, Bealls, Goody's, Palais Royal, Stage and Peebles nameplates had hoped to stall the process by finding a buyer, but no viable bid has emerged. You can opt out of individual newsletters or contact methods at any time in the 'Your Account' area. The Houston-based company said it is searching for a buyer and plans to reopen and liquidate its stores beginning Friday. A free inside look at company reviews and salaries posted anonymously by employees. Learn about Stage Stores culture, salaries, benefits, work-life … Annual Income Statement", "Discount retailer Stage Stores files for bankruptcy", "Stage Stores files for bankruptcy as pandemic chokes sales", "Stage Stores files for Ch. CEO Michael Glazer cited the high sales increases in the locations that were converted in 2018 as the deciding factor in the decision. The company acquired Uhlmans in 1997, which brought Stage to Michigan, Illinois, and Indiana. Find contact's direct phone number, email address, work history, and more. Clicking above tells us that you're OK with both this and with our privacy policy, terms and conditions and cookie policy. In 2019, Stage Stores began converting other retail chains it owned into Gordmans stores, with the goal of having 700 Gordmans stores in 42 states by the end of 2020. US off-price department store operator Stage Stores is to wind down its business after failing to find a buyer. To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on 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 … Associate Buyer salaries at Stage Stores can range from $51,801 - $64,965. 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. [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. The company announced that it planned to run at least 50 stores and one of Gordmans’ distribution centers. PREVIOUS, Sri Lanka's textile and garment exports drop 30% in H1 The Houston-based company said it is searching for a buyer and plans to reopen and liquidate its stores beginning Friday. 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. Stores were usually located in shopping malls and centers or in standalone locations. According to its website, Stage entered an off-price segment to acquire Gordmans in 2017. 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. It is the latest retailer to … 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. Find 238 listings related to Stage Stores in Leesburg on YP.com. 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. See reviews, photos, directions, phone numbers and more for Stage Stores locations in Chandler, AZ. Address: Aroq House, 17A Harris Business Park, Bromsgrove, Worcs, B60 4DJ, UK. They paid about US$1.10 on average. Receive our latest content delivered right to your inbox. Reviews from Stage Stores employees about working as an Assistant Buyer at Stage Stores. Find new apparel sourcing destinations, assess trade flows and manage tariffs. 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 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. CEO Michael Grazer cited the high sales increases in locations that had already been converted as the main factor in this decision. 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. 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. See reviews, photos, directions, phone numbers and more for Stage Stores locations in Leesburg, FL. P.S: If you liked this article, you might enjoy the just-style newsletter. [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). 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. [16]. However, according to Neil Saunders, managing director of GlobalData Retail, the coronavirus situation hit the company hard and exposed many underlying weaknesses of the business – including a poor cash position and the fact it remained loss-making at operating level. 547 Stage Stores reviews. 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