Question: What Are Stage Stores Changing To?

What is the new name for Bealls?

The Stage Store Inc.

Bealls store will have a new name by 2020 as the company converts their department stores to Gordmans.

Stage is excited to confirm it will convert the Bealls located in Alice to a Gordmans store, according to a press release..

What is Stage store changing to?

Stage Stores plans to transition entirely to its off-price Gordmans banner and exit department stores by the third quarter of fiscal 2020, the retailer said. Under the plan, the company aims to close 40 stores next year and convert its remaining department stores to Gordmans.

Does Stage Stores have a buyer?

With the company unable to find a buyer, Stage Store liquidation sales are underway. The liquidation includes the Gordmans, Bealls, Palais Royal, Peebles, Stage, and Goody’s banners.

Why is gordmans closing?

Today we announced taking action in response to increasingly challenging market conditions and the impact of the COVID-19 pandemic. Most important to our customers is the temporary closing all 738 of its stores at 6 p.m. local time today.

Who bought gordmans?

Stage StoresGordmansFormer typeSubsidiaryNumber of locations157 (September, 2019)ProductsClothing, footwear, bedding, furniture, jewelry, beauty products, and housewaresOwnerStage StoresWebsitegordmans.com7 more rows

Did Peebles go out of business?

Peebles was an American chain of department stores owned by Stage Stores, Inc. and headquartered in Houston, Texas….Peebles (store)Former typeDepartment StoreFateConverted to GordmansFounded1891Defunct2020HeadquartersHouston, Texas, U.S.5 more rows

Are Stage department stores closing?

Stage has temporarily closed all of its 738 stores as of Friday, March 27. … The company operates specialty department stores under the Bealls, Goody’s, Palais Royal, Peebles and Stage brands as well as the Gordmans off-price brand.

Which Stage Stores are converting to gordmans?

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. It ended the year with 158 off-price stores, which was 100 more than it had in 2017.

Are Bealls stores 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.

Can I shop online at Stage Stores?

Easy shopping Our entire online assortment is always close at hand anytime, anywhere. Coupons & on-the-go offers Access to all current in-store & online coupons, plus we ll let you know when we have special app-only offers.

Who bought out 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. Bealls, a fixture of the local economy for more than 40 years, is closing – sort of.

Who bought out stage?

Axar Capital Management LP owns 14.87 percent of the company’s equity, and Glazer owns 6.41 percent. Stage Stores plans to seek approval for a cash collateral to ensure it has the cash flow to support operations in Chapter 11.

Why is Bealls closing?

In March, Stage announced it was closing all of its 15 Bealls outlets in the Valley with the exception of the Port Isabel location. … Like all departments stores, the Stage brands have been shut down across the country due to coronavirus, and it anticipates reopening its 700 stores in phases beginning Friday.

What is Bealls turning into?

Stage Stores Inc., its Houston-based parent company, is moving forward on its plans to convert Bealls department stores in Texas to Gordmans “off-price” stores. … The purchase also included the Gordmans name along with all of the intellectual property.

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.