Stage Stores
 Stage Stores, Inc. Corporate Office | |
| Public | |
| Traded as | NYSE: SSI |
| Industry | Retail |
| Founded | 1988 |
| Headquarters | Houston, Texas |
Key people |
|
| Products | Apparel, Accessories, Cosmetics, Footwear, and Housewares |
| Website | |
Stage Stores, Inc. is an upscale department store company specializing in retailing on-trend apparel, accessories, cosmetics, footwear, and housewares throughout the United States. The corporate office is located in Houston, Texas.[1]
Stage Stores operates approximately 800 stores in 40 states under the Bealls, Palais Royal, Peebles, Stage, and Goody's nameplates.
The company operates stores primarily in Midwestern, Southeastern, Mid-Atlantic, and New England regions. Stores can be found in shopping malls and centers or in standalone locations.
In 2011, Stage Stores began a new chain called Steele's,[2] but in March 2014 it was announced that these stores are being sold to Hilco Global.[3]
Through the company’s “Community Counts” program, Stage Stores, Inc. gives back to the areas they serve and is actively involved in charitable causes, sponsorships, and associate volunteerism efforts. In March 2014, the company rolled out its “30 Days of Giving” initiative at all stores. The initiative resulted in nearly $1 million donated to over 700 local organizations.
The company unveiled its eCommerce website in 2010, www.stagestores.com where consumers can purchase apparel, accessories, cosmetics, footwear, and housewares.
Brands found exclusively at Stage Stores, Inc. family of department stores include Valerie Stevens; Signature Studio; Sun River; Rustic Blue; Rebecca Malone; and Wishful Park.
Stage Stores, Inc. is publicly traded on the NYSE as SSI since 2002.
History
Through a series of acquisitions the company has grown to approximately 800 stores.
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. The remainder were small specialty stores known as Stage Stores, which had already become part of SRI's operation.
In 1996, SRI completed the closure of the other Fashion Bar Stores but retained the Stage name. The company purchased the forty-nine stores of Beall-Ladymon, Inc., sold by company president Horace Ladymon. The outlets were located in Arkansas, Kansas, Louisiana, and Mississippi; they were reopened in 1994 under the "Stage" name.[4]
Stage expanded into the Northwest with the acquisition in 1997 of upscale C. R. Anthony Co. and Tri-North stores.
The company acquired Uhlmans in 1997 which brought Stage to Michigan, Illinois, and Indiana. All of these newly acquired stores, however, were closed by 1999 when Stage Stores filed for Chapter 11 bankruptcy. 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.
Stores with the Stage nameplate still operate in Arizona, Arkansas, Colorado, Iowa, Kansas, Louisiana, Missouri, Mississippi, and Oklahoma. Before the bankruptcy, Stage stores also operated in Alabama, Georgia, Idaho, Illinois, Indiana, Michigan, Minnesota, Montana, North Carolina, Ohio, Oregon, South Carolina, South Dakota, Washington, Wisconsin, and Wyoming.
In 2003, Stage Stores acquired 136 Peebles stores located in 17 states.
Stage Stores acquired Gordmans in 2017.[5]
Acquisitions
Stage Stores, Inc. has acquired many stores over the years, including the following:
- Fashion Bar (Colorado, Wyoming). Acquired in 1992, all stores converted to Stage.
- Beall-Ladymon (Arkansas, Louisiana, Mississippi Kansas). Acquired in 1994, all stores converted to Stage.
- Uhlman's (Illinois, Indiana, Michigan, Ohio). Acquired in 1996. In addition to the Uhlman's name, Uhlman's operated Milliken's stores in Michigan. All were renamed Stage, except for a locations in Traverse City, Michigan, Cadillac, Michigan, and Manistee, Michigan which operated as Stage-Milliken until 2001.[6]
- C. R. Anthony Co. (Montana, Idaho, Oregon, New Mexico, Oklahoma, Texas, Kansas, Wyoming) Acquired 1997, most stores converted to Stage, while some Anthony's, such as those located in Amarillo, Texas, became Bealls locations.
- Tri-North (Idaho, Montana, Nevada, Oregon, Washington) Most of these locations operated as Hub Clothing Stores before the 1998 acquisition, when all 15 stores converted to Stage.
- B. C. Moore & Sons, (Georgia, North Carolina, South Carolina). Acquired February 2006. By November 2006, 69 of these 76 stores were converted to the Peebles name and format, and the other nine were closed.
References
- ↑ "Company Profile." Stage Stores. Retrieved on December 14, 2009.
- ↑ "Stage Stores Announces the Launch of Steele’s, Its New Off-Price Concept". Business Wire. 11 October 2011. Retrieved 2 April 2013.
- ↑ "Stage Stores Announces the Sale of its Steele’s Off-Price Division to the Hilco Global Retail Group". Hilco Global. 2014-03-06. Retrieved 2014-03-29.
- ↑ "Kelly Ford, Beall-Ladymon stores change hands". Arkansas Business. September 26, 1994. Retrieved June 12, 2014.
- ↑ Some Gordmans department stores bought by rival, will remain open
- ↑ Stage/Milliken closing in next three months, Traverse City Record-Eagle, January 4, 2001.