What happened to Stage Stores Inc?
What happened to Stage Stores Inc?
Stage Stores filed for Chapter 11 bankruptcy protection in May and subsequently announced it would https://chainstoreage.com/stage-stores-liquidate liquidate and close its remaining stores.
Are all Stage stores going out of business?
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?
Bradenton, Fla. -based Bealls Inc. has acquired Stage Stores Inc.’s intellectual property and a large Texas distribution facility in a $7 million bankruptcy sale.
Why is Stage 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.
Who is the CEO of Stage Stores?
Michael L Glazer (Jun 12, 2012–)
Is Anyone Buying Stage Stores?
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. Bealls Inc.
Are Stage Stores liquidating?
Stage Stores has run out of time. A bankruptcy judge approved the retailer’s plan to complete its ongoing liquidation and shut down its remaining stores, reported Law360. Stage Stores filed for Chapter 11 bankruptcy protection in May as it simultaneously sought buyers and also started to wind down operations.
Is Burkes Outlet going out of business?
We will be temporarily closing our family of stores effective March 20, 2020 to do our part in slowing the spread of the coronavirus. This decision includes Bealls, Bealls Outlet, Burkes Outlet, Bunulu and Home Centric.
What are Stage Stores changing to?
Stage Stores Inc. started transforming hundreds of its stores from Bealls to Gordmans last year. But converting to locations to Gordmans “off-price” stores won’t be enough to save the Houston-based company. Stage Stores announced late Sunday it filed for Chapter 11 bankruptcy protection.
Where are the Stage Stores located in Texas?
Stage Stores is a department store company specializing in retailing brand name apparel, accessories, cosmetics, footwear, and housewares throughout the United States. The corporate office is located in Houston, Texas.
How many Stage Stores are there in the US?
Available Contacts – Free Plug-In! Stage Stores, now Burkes Outlets Stores Inc. operates some 500 retail stores. The customers can find brand name, apparel, and accessories for the entire family. In 2020, Bealls, Inc. acquired Stage Store Inc. for $7M bid that covers the off price department store operator’s distribution center.
Who is the parent company of Stage Stores?
In 2020, Bealls, Inc. acquired Stage Store Inc. for $7M bid that covers the off price department store operator’s distribution center. The company was founded in 1915. The company parent is Beall’s Inc. External Website. Opens New Window External Website. Opens New Window Stage Stores, now Burkes Outlets Stores Inc. operates some 500 retail stores.
What did Stage Stores, inc.file for bankruptcy?
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 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.