Question: Who Bought Out Stage?

Who bought out gordmans?

Stage StoresStage Stores bought Gordmans out of bankruptcy.

“This is a very difficult announcement and it was a decision that we reached only after exhausting every possible alternative,” Michael Glazer, CEO of Stage Stores, said in the statement..

What did gordmans used to be called?

In 2003, Stage Stores acquired 136 Peebles stores located in 17 states. … In March, 2019, Stage announced that by mid-2020 they planned to convert at least 220 of their current department stores, including those of other brand names, into Gordmans off-price stores.

What is Bealls turning into?

A new apparel and home decor retailer, Gordmans, is open in Burkburnett. … 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.

Is gordmans going out of business 2020?

Stores closing in 2020: 738 The latest retailer to find this out is Stage Stores, the owner of Gordmans off-price stores and a bunch of other regional brands, including Bealls, Goody’s and Peebles. The company filed for bankruptcy on May 10 and said it would permanently shut down all of its stores.

Who owns Bealls Florida?

Bealls Outlet is a privately held company, rich in tradition, owned by the founding family and its employees. Beall’s, Inc. is the parent company of Bealls Outlet Stores, Inc. The corporation operates over 500 retail stores.

Is gordmans closing all their stores?

Like many others, our business was significantly impacted by COVID-19. We temporarily closed all of our stores as we have worked to manage through this challenging environment. Despite all of our efforts, we have been unable to obtain necessary financing to continue operating as an independent business.

Which gordmans locations are closing?

Numerous local media have reported on individual Gordmans stores slated for closure, including locations in Illinois, North Dakota, Indiana, Nebraska, Missouri, Iowa, Colorado and Wisconsin.

Who bought out Bealls Department Store?

77 Sunshine Strip is merely preparing for a makeover. HARLINGEN — The parent company of the popular Bealls stores in the Valley has filed for bankruptcy protection. Houston-based Stage Stores Inc., which also owns Gordmans, Peebles, Palais Royal, and Goody’s stores, filed for Chapter 11 restructuring Sunday.

Is Bealls closing in Texas?

The Stage Store Inc. … 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 switch will take place in 2020. The store will close for about 2 weeks while the conversion takes place.

Why is stage closing?

As Retail Dive reported previously, Stage Stores began quietly laying off employees and closing stores in February as it worked through a liquidity crisis and negotiations with potential lenders and investors. … All of these challenges have proven insurmountable to Stage Stores on its own.

How many locations does Stage Stores have?

738 storesThe retailer has 738 stores across half a dozen brands, including the off-price chain Gordmans and the Peebles and Stage department stores, in small towns and rural areas in 42 states.

Are stage stores going out of business?

Retail stores have been suffering, and Stage Stores has filed Chapter 11, closing all its stores. … Stage operated stores under various names, including Goody’s, Bealls, and Palais Royal. However, you would not find these stores in major metro markets across the country.

Is Bealls of Florida going out of business?

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.

Does Stage Stores have a buyer?

Stage Stores is providing financial details to potential bidders including eight who say they will keep open 200 to 500 locations operated by the retail chain.

Is gordmans similar to Marshalls?

We’re similar to TJ Maxx, Ross or Marshalls, but Gordmans has a cooler name an advantage these stores don’t. Gordmans is owned by Stage Stores, a more traditional department store (not one of the stuffy ones), so they leverage the strengths of both Gordmans and Stage to create a sort of “best of both worlds” situation.