NYSE:SSI

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.

Stage Stores Addresses NYSE Listing Standards

Wednesday, June 26, 2019 - 9:15pm

Stage Stores, Inc. (NYSE: SSI) announced today that it received notification from the New York Stock Exchange (NYSE) on June 20, 2019 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 June 20, 2019 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 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.
  • The company plans to notify the NYSE of its intent to cure and return to compliance with the NYSE continued listing standards.
  • Stage Stores, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.

Stage Stores Reports First Quarter Results and Reaffirms Fiscal Year 2019 Guidance

Thursday, May 23, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) today reported results for the first quarter ended May 4, 2019 and reaffirmed guidance for fiscal year 2019.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today reported results for the first quarter ended May 4, 2019 and reaffirmed guidance for fiscal year 2019.
  • We continue to be thrilled with the results of our 46 off-price conversion stores, including the 37 stores completed in March 2019.
  • Thus, we remain confident that our strategies for long-term growth will contribute meaningfully to our fiscal 2019 results, and we expect to meet our guidance and deliver positive cash flow for the year.
  • The company applied the new standard prospectively with a cumulative adjustment to retained earnings of $5.8 million in the first quarter of fiscal 2019.

Stage Stores Announces First Quarter Earnings Release Date and Conference Call Information

Thursday, May 9, 2019 - 11:30am

Stage Stores, Inc. (NYSE: SSI) today announced that it will release its first quarter financial results on Thursday, May 23, 2019.

Key Points: 
  • Stage Stores, Inc. (NYSE: SSI) today announced that it will release its first quarter financial results on Thursday, May 23, 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 5595707.
  • For more information about Stage Stores, visit the companys website at corporate.stage.com .

Stage Stores Regains Compliance with NYSE Minimum Share Price Listing Standards

Thursday, April 4, 2019 - 11:30am

As of March 29, 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.

Key Points: 
  • As of March 29, 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 January 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, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.

Stage Stores Announces Acceleration and Expansion of Off-Price Store Conversion Strategy

Thursday, March 28, 2019 - 10:30am

Based on the strong results we have seen across our converted store base, we are thrilled to further accelerate and expand our off-price growth strategy.

Key Points: 
  • Based on the strong results we have seen across our converted store base, we are thrilled to further accelerate and expand our off-price growth strategy.
  • With higher sales, improving store profitability, and faster inventory turns, our off-price strategy bodes well for our earnings and cash flow performance.
  • Inclusive of the acceleration and expansion of the off-price conversion strategy, the company is reaffirming its previously announced guidance for sales, earnings, and capital.
  • Stage Stores, Inc. is a leading retailer of trend-right, name-brand values for apparel, accessories, cosmetics, footwear and home goods.