Stage Stores

Academy Sports + Outdoors Announces Planned Leadership Succession

Retrieved on: 
Thursday, April 27, 2023
KATY, Payless (footwear retailer), United States service academies, The May Department Stores Company, Lead, Treasury, HSN, Fortune 500, IPO, Partnership, University, Stage Stores, General counsel, Sam, JCPenney, Family Dollar, EVP, University of Chicago Law School, COVID-19, Risk management, Central Time, CMO, Strategic planning, McKinsey & Company, Accounting, North Carolina State University, The Conference Board, Harvard Business School, Meijer, Sport, CFO, Pleasure, MP, Growth, Notre Dame, Foot Locker, Academy Sports + Outdoors, Management

KATY, Texas, April 27, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO) today announced that, as a result of a planned succession process, the following changes to Academy's executive leadership team will be effective as of 12:01 a.m. Central Time on June 1, 2023. 

Key Points: 
  • Prior to joining Academy, he held senior positions at Foot Locker, J.C. Penney, Payless ShoeSource, Home Shopping Network, May Department Stores Company, and McKinsey & Company.
  • He is a graduate of the United States Military Academy and holds an M.B.A. from Harvard Business School with highest distinction.
  • The Board and I have thoughtfully planned my succession, and we are confident that Academy will be in the right hands under Steve's leadership.
  • I am also pleased that Academy will further leverage Michael's strong leadership, strategic talent, operational acumen, and financial expertise in his expanded role as President.

B. Riley Enhances Retail Solutions Leadership with Addition of Timothy J. Shilling

Retrieved on: 
Thursday, June 30, 2022
B. Riley Financial, Business, Solution, Gordon Brothers, Student, Economics, Stein Mart, Growth, University, Compliance, Risk, Partnership, DressBarn, Advanced Sports International, TMA, NASDAQ, ABLE account, Stage Stores, Management, Online shopping, Financial adviser, Points of the compass

LOS ANGELES, June 30, 2022 /PRNewswire/ -- B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm's strategy and growth across the retail sector.

Key Points: 
  • LOS ANGELES, June 30, 2022 /PRNewswire/ -- B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions.
  • B. Riley Retail Solutions CEO Scott Carpenter commented: "Tim is a recognized leader whose expertise complements our platform's core focus across retail.
  • Tim Shilling,Executive Vice President of B. Riley Retail Solutions, said: "I'm very excited to join the B. Riley team at this unique time for the retail sector.
  • B. Riley Retail Solutions is a subsidiary of B. Riley Financial.

MedMen Announces Edward Record as CEO

Retrieved on: 
Wednesday, April 27, 2022
Alternative Medicine, Retail, Health, Wine & Spirits, Tobacco, Specialty, Food, Beverage, Hudson's Bay Company, MedMen, HBC, Stage Stores, Red, Company, Cannabis, Saks Fifth Avenue, CSE, Board, JCPenney, Management, Belk

MedMen Enterprises Inc. (MedMen or the Company) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the appointment of Edward Record as Chief Executive Officer, effective immediately.

Key Points: 
  • MedMen Enterprises Inc. (MedMen or the Company) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the appointment of Edward Record as Chief Executive Officer, effective immediately.
  • Record succeeds interim CEO Michael Serruya, who will continue to serve as Chairman of the Board.
  • MedMen is a premier American cannabis retailer with an operational footprint in California, Nevada, Illinois, Arizona, Massachusetts, and Florida.
  • MedMen offers a robust selection of highquality products, including MedMenowned brands MedMen Red and LuxLyte through its premium retail stores, proprietary delivery service, as well as curbside and instore pickup.

MedMen Announces Board Changes

Retrieved on: 
Tuesday, November 9, 2021
Alternative Medicine, Health, Retail, Tobacco, Specialty, Hudson's Bay Company, Deloitte, CSE, MedMen, JCPenney, Lynch, HBC, Growth, Board, Stage Stores, Cannabis, Red, Drug

MedMen Enterprises Inc. (MedMen or the Company) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced that David Hsu and Ed Record have been elected to the Companys Board of Directors, effective immediately.

Key Points: 
  • MedMen Enterprises Inc. (MedMen or the Company) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced that David Hsu and Ed Record have been elected to the Companys Board of Directors, effective immediately.
  • Hsu and Record replace Albert Harrington, who had served on the Board since August 2020, and Nicole Christoff, who had served on the Board since May 2020, both of whom stepped down from the Board effective November 5, 2021.
  • MedMen is a premier American cannabis retailer with an operational footprint in California, Nevada, Illinois, Arizona, Massachusetts, and Florida.
  • MedMen offers a robust selection of high-quality products, including MedMen-owned brands MedMen Red and LuxLyte through its premium retail stores, proprietary delivery service, as well as curbside and in-store pickup.

Bealls Inc investing in the future

Retrieved on: 
Thursday, October 22, 2020
Retailers, Retailing, Bradenton, Florida, Bealls, Service companies, Stage Stores, Goody's, Peebles, Gordmans, Robert M. Beall II

The intellectual property includes the trademarks and trade names for Stage Stores, Goody's, Gordmans, Palais Royal, Peebles, and Bealls.

Key Points: 
  • The intellectual property includes the trademarks and trade names for Stage Stores, Goody's, Gordmans, Palais Royal, Peebles, and Bealls.
  • In addition, Bealls, Inc. has acquired all the private label brands and customer lists that belonged to Stage Stores.
  • While Bealls Inc. had rights to use the name Bealls in Florida, Georgia and Arizona, Stage had previously owned the rights to use the name nationally.
  • Matt Beall, CEO and Executive Chairman for Bealls, Inc.
    About Bealls Inc. Headquartered in Bradenton, Florida since 1915, the family-owned corporation now operates more than 540 retail stores in 17 states under the names Bealls, Bealls Outlet, Burkes Outlet, Home Centric and Bunulu and online at beallsflorida.com and burkesoutlet.com.

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 Provides COVID-19 Business Update

Retrieved on: 
Friday, March 27, 2020
Retail, Online Retail, Department Stores, Fashion, Stage Stores, Retail, Sears Holdings, Market economics), Economy of the United States, Companies

Prior to todays closings, the Company had approximately 393 stores closed in compliance with state and local regulations.

Key Points: 
  • Prior to todays closings, the Company had approximately 393 stores closed in compliance with state and local regulations.
  • The Companys stores closing tonight are primarily located in smaller markets and have been operating with reduced hours;
    Furloughing virtually all the Companys associates in stores, field support roles and at the distribution centers.
  • Stage Stores, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.
  • For more information about Stage Stores, visit the companys website at corporate.stage.com .

Stage Stores Addresses NYSE Listing Standards

Retrieved on: 
Wednesday, March 18, 2020
Cosmetics, Retail, Home Goods, Fashion, Stage Stores, New York Stock Exchange, Listing, Economy of the United States, Financial markets, Companies

Stage Stores, Inc. (NYSE: SSI) announced today that it received notification from the New York Stock Exchange (NYSE) on March 12, 2020 that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) announced today that it received notification from the New York Stock Exchange (NYSE) on March 12, 2020 that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.
  • The NYSE notification does not affect Stage Stores business operations or its Securities and Exchange Commission reporting requirements, nor does it conflict with or cause an event of default under the companys credit facility.
  • The companys common stock will continue to be listed and trade on the NYSE during this period, subject to Stage Stores compliance with other NYSE continued listing requirements.
  • Stage Stores, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.

Stage Stores Reports 1.4% Comparable Sales Increase for Holiday Period, Revises Annual Guidance

Retrieved on: 
Monday, January 13, 2020
Home Goods, Fashion, Other Retail, Cosmetics, Retail, Business, Articles, Retailing, Stage Stores, Gordmans, Sales, Department store, Christmas and holiday season

Stage Stores, Inc. (NYSE: SSI) today reported comparable sales for the holiday period.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today reported comparable sales for the holiday period.
  • Holiday comparable sales were primarily impacted by lower pre-conversion department store sales relative to our projections, and by the warmer holiday season.
  • In January, comparable sales are off to a strong start, with the first week increasing double digits.
  • Additionally, based on the pivot to Gordmans off-price stores, the company is no longer including dropship sales from its transactional department store site in the comparable sales calculation.