Palais Royal

GOING-OUT-OF-BUSINESS SALES ARE NOW UNDERWAY AT ALL GORDMANS & STAGE STORES

Retrieved on: 
Thursday, July 16, 2020
Retailers, Retailing, Stage Stores, Gordmans, Trade, Hilco Global, Palais Royal, Bealls, Peebles, Retail

Boston, MA, July 16, 2020 (GLOBE NEWSWIRE) -- Joint venture partners Gordon Brothers and Hilco Merchant Resources announced that they have commenced Going-Out-of-Business sales at 720 Stage Stores, Inc. locations including Gordmans and all associated brand stores across the United States.

Key Points: 
  • Boston, MA, July 16, 2020 (GLOBE NEWSWIRE) -- Joint venture partners Gordon Brothers and Hilco Merchant Resources announced that they have commenced Going-Out-of-Business sales at 720 Stage Stores, Inc. locations including Gordmans and all associated brand stores across the United States.
  • The challenging preexisting market conditions were exacerbated by the COVID-19 pandemic and prevented the retailer from obtaining the required financing to continue operating stores outside of bankruptcy.
  • While the Company continues to follow a dual path, going-out-of-business sales have now commenced across all Gordmans and Stage stores as well as Bealls, Goodys, Palais Royal and Peebles stores.
  • Beginning today, customers can take advantage of storewide discounts of up to 60 percent off original ticketed prices.

Stage Stores Commences Voluntary Chapter 11 Process

Retrieved on: 
Monday, May 11, 2020
Fashion, Online Retail, Cosmetics, Retail, Other Retail, Home Goods, Specialty, Stage Stores, Retailers, Retailing, PJ SOLOMON, Economy of the United States, Palais Royal, Goody's

Stage Stores, Inc. (NYSE: SSI) (Stage or the Company) today announced that the Company 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.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) (Stage or the Company) today announced that the Company 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.
  • We deeply appreciate their efforts going forward as we begin the process of reopening stores to conduct liquidation sales.
  • Kirkland & Ellis LLP is acting as legal advisor to Stage Stores and PJ SOLOMON is acting as its investment banker.
  • Stage Stores, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.

Stage Stores Announces Total Company Conversion to Off-Price

Retrieved on: 
Tuesday, September 17, 2019
Fashion, Home Goods, Cosmetics, Retail, Stage Stores, Retailers, Retailing, Gordmans, Palais Royal, Economy of the United States, Bealls

Stage Stores, Inc. (NYSE: SSI) today announced plans to convert substantially all its stores to off-price.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today announced plans to convert substantially all its stores to off-price.
  • Based on the success of the conversion strategy, the Company plans to begin converting its remaining department stores in February of 2020, and expects to be operating approximately 700 predominantly small-market Gordmans off-price stores by the third quarter of fiscal 2020.
  • The Company plans to close approximately 40 stores during fiscal 2020.
  • As of September 17, 2019, the company operates in 42 states through 625 BEALLS, GOODY'S, PALAIS ROYAL, PEEBLES, and STAGE specialty department stores and 158 GORDMANS off-price stores, as well as an e-commerce website at www.stage.com .

Stage Partners with DonorsChoose.org to Bring Classroom Dreams to Life

Retrieved on: 
Wednesday, July 18, 2018
Economy of the United States, Palais Royal, Bealls, Stage Stores, Trade, Peebles, Goody's, Electronic Arts

"At Stage, we believe our guests come firstit's part of our core values.

Key Points: 
  • "At Stage, we believe our guests come firstit's part of our core values.
  • We know our guests care deeply about their communities and their schools," says Bill Gentner, EVP and Chief Marketing Officer of Stage Stores.
  • "We're delighted to partner with Stage Stores to bring resources to classrooms," said Janelle Lin, Senior Vice President of Business Development.
  • Give for the good of learning in your local Bealls, Goody's, Palais Royal, Peebles or Stage stores.