NYSE:SSI

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

Monday, January 13, 2020 - 11:30am

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.

Stage Stores Announces Participation in the 22nd Annual ICR Conference

Monday, December 30, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) today announced that the company will be participating in the 22nd annual ICR Conference in Orlando, FL at The Grand Lakes Orlando on Monday, January 13, 2020 with a presentation at 2:00 pm Eastern Time.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today announced that the company will be participating in the 22nd annual ICR Conference in Orlando, FL at The Grand Lakes Orlando on Monday, January 13, 2020 with a presentation at 2:00 pm Eastern Time.
  • The materials management will reference at the conference will also be available in the Investor Relations section of the companys website.
  • 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 Announces Third Quarter Earnings Release Date and Conference Call Information

Thursday, November 7, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) today announced that it will release its third quarter financial results on Thursday, November 21, 2019.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today announced that it will release its third quarter financial results on Thursday, November 21, 2019.
  • The release of the companys results will be followed by a pre-recorded conference call, which will occur at 8:30 a.m. Eastern Time on the same day.
  • Interested parties may access the companys pre-recorded conference call by dialing 866-393-5631 and providing the conference ID 5582308.
  • For more information about Stage Stores, visit the companys website at corporate.stage.com .

Stage Stores Announces In-Store Package Pick-up with Amazon Hub Counter

Wednesday, October 23, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) announced today that customers now have the option to pick-up Amazon orders at their local Gordmans off-price and Stage department stores.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) announced today that customers now have the option to pick-up Amazon orders at their local Gordmans off-price and Stage department stores.
  • The Stage community of stores has launched Amazon Hub Counter in over 500 locations nationwide and plans to roll out Counter to its remaining stores before the end of year.
  • Michael Glazer, Chief Executive Officer, commented, We began piloting the Amazon Hub Counter service a few months ago and are thrilled with the early results.
  • Amazon Hub Counter provides Amazon shoppers with the option to select convenient shipping to their nearby Stage or Gordmans store location at no additional cost.

Stage Stores Regains Compliance with NYSE Minimum Share Price Listing Standards

Thursday, October 3, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) announced today that, based upon a notice received earlier this week from the New York Stock Exchange NYSE, the company has regained compliance with NYSE continued listing criteria requiring 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, based upon a notice received earlier this week from the New York Stock Exchange NYSE, the company has regained compliance with NYSE continued listing criteria requiring listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.
  • As of September 30, 2019, the company closed the last trading day of the calendar month with a share price above $1.00 and an average closing share price above $1.00 over a consecutive 30 trading-day period, which brings the company back into compliance with the NYSE listing standards.
  • In June 2019, the company was notified by the NYSE that the average closing price of Stage Stores common stock had fallen below a consecutive 30 trading-day average price of $1.00 and the company had six months to regain compliance with the NYSEs minimum share price requirement.
  • Accordingly, the company returned to compliance with the NYSEs continued listing requirement and the .BC indicator following Stage Stores stock symbol will be removed by the NYSE.

Stage Stores Announces Total Company Conversion to Off-Price

Tuesday, September 17, 2019 - 11:30am

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 Stores Announces Second Quarter Earnings Release Date and Conference Call Information

Thursday, August 8, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) today announced that it will release its second quarter financial results on Thursday, August 22, 2019.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today announced that it will release its second quarter financial results on Thursday, August 22, 2019.
  • The release of the companys results will be followed by a pre-recorded conference call, which will occur at 8:30 a.m. Eastern Time on the same day.
  • Interested parties may access the companys pre-recorded conference call by dialing 866-393-5631 and providing the conference ID 3293146.
  • For more information about Stage Stores, visit the companys website at corporate.stage.com .

Stage Stores Announces Expansion of Off-Price Conversion Strategy

Tuesday, July 23, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) announced plans to convert an additional 100 stores to Gordmans off-price in 2020, bringing the total number of 2020 off-price conversions to 250.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) announced plans to convert an additional 100 stores to Gordmans off-price in 2020, bringing the total number of 2020 off-price conversions to 250.
  • In 2019, the company expects to complete 89 conversions, including 37 converted stores in March, 35 converted stores and one new store in June, and 17 planned conversions in September.
  • Importantly, the smaller market stores that converted in 2018 are now approaching their one-year anniversary as Gordmans and continue to deliver sales that are approximately double their volume as department stores.
  • Stage Stores, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.