US off-price department store operator Stage Stores is to wind down its business after failing to find a buyer. 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.
Who bought out Stage Stores?
Bealls Inc.
Bealls Inc. bought Stage Stores’ intellectual property, including the trade name of Stage’s Bealls banner, as well as fee rights to a distribution center for some $7 million.
What Stage Stores own?
It operates Bealls Stores and Beall’s Outlet Stores in Florida, Georgia and Arizona. The stores operating under the Beall’s name in other states were owned by Houston-based Specialty Retailers Inc., Stage Stores’ former parent.
Who bought gordmans?
Stage Stores
Stage Stores bought Gordmans in 2017 following its own bankruptcy.
Do Stage Stores still exist?
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….Stage Stores.
| Stage Stores, Inc. Corporate Office | |
|---|---|
| Founded | 1988 |
| Fate | Chapter 11 bankruptcy |
| Headquarters | Houston, Texas |
| Number of locations | 786 (2019) |
Why are Bealls stores closing?
“The increasingly challenging market environment was exacerbated by the COVID-19 pandemic, which required us to temporarily close all of our stores and furlough the vast majority of our associates,” Michael Glazer, the company’s chief executive, said in a statement.
Is Gordmans going out of business 2020?
Now in less than a year Gordmans is having their business closing sale. By 2019, Stage announced a long-term strategy to convert department stores over to Gordmans off-price stores. However, things did not work out as Stage Stores Inc., was hoping for and by May of 2020, the company filed for bankruptcy.
Who owns the stage?
Longtime ASCAP licensees Ruble and Brenda Sanderson are the owners of three of Broadway’s favorite honky-tonks: The Stage, Legends Corner and the Second Fiddle.
What is the new name for Bealls?
Bealls, the flagship store at the Plaza Shopping Center at Crockett Road and South Loop 256, has announced its closing, and will reopen as Gordman’s in 2020.
Who owns Bealls Florida?
Beall’s Stores, Inc.
Founded in 1915, Bealls includes over 500 stores and BeallsFlorida.com. Bealls is the destination of choice for casual lifestyle and priced-right apparel and home merchandise. Bealls Stores and BeallsFlorida.com, are owned and operated by Beall’s Stores, Inc. and Beall’s Westgate Corporation.
Who is the CEO of Stage Stores?
Michael L Glazer (Jun 12, 2012–)
Stage Stores/CEO
Is Bealls and Burkes the same?
Beall’s, Inc. is the parent company of Burkes Outlet Stores, Inc. The corporation operates over 500 retail stores. Since its modest beginnings in 1915 Bealls has grown to be a major employer in the state of Florida as well as a valued asset to the communities it serves.
Is Bealls closing in Florida?
Iconic Florida retailer Bealls has announced that it will temporarily close its stores. “Out of an abundance of caution we have decided to temporarily close all of our stores,” CEO Matt Beall said in a statement. The online outlets BeallsFlorida.com and BurkesOutlet.com remain open.
