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, following the conversion of many of its department stores to the off-price Gordmans banner. The company was at risk of bankruptcy long before COVID-19 came along. Ben Unglesbee Plans called for the company to close 40 stores and convert the rest to Gordmans, which Stage acquired out of bankruptcy in 2017. Ben Unglesbee This trendline explores several topics facing small retailers as disruptions from the pandemic, e-commerce and broader economic trends continue to bedevil operations. Twitter. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. For the first quarter, comparable sales decreased 3.1 percent. , casting doubt on its conversion plans. The company's shares traded under a … Stage Stores reported a net loss of $15.9 million on revenue of $399 million during its most recent quarter ended Nov. 2. Other News; Press Releases; No Headlines Available . The Company will terminate the wind-down of operations … But the holidays delivered a disappointing performance, casting doubt on its conversion plans. The free newsletter covering the top industry headlines, Stage Stores has received court approval for its, , which calls for the liquidation of all its stores and the wind down of the company, According to Law360, real estate developer Ali Choudhri, , but Stage Stores attorneys said they were unable to close a deal, The story of Stage Stores' recent history could give an observer whiplash. Stage Stores has received court approval for its bankruptcy plan, which calls for the liquidation of all its stores and the wind down of the company. Stage Stores, Inc. (NYSE:SSI) today reported results for the fourth quarter and fiscal year ended February 2, 2019 and initiated guidance for fiscal y Nonetheless, Stage Stores saw its future in the Gordmans model, which promised younger customers and a more popular model than its fading department stores. The free newsletter covering the top industry headlines, Stage Stores plans to close about 200 Gordmans stores and department stores that were slated to be converted into Gordmans, according to three people with knowledge of the company's plans. Stage Stores had a negative net margin of 5.78% and a negative trailing twelve-month return on equity of 34.21%. Stage Stores, Inc. today announced that it will release its first quarter fiscal 2018 financial results on Thursday, May 24, 2018. Using Brand Purpose to Drive Awareness and ROI, Raising the B2B Bar: Bringing B2C Growth and Opportunity to B2B Ecommerce. Some were skeptical about Stage Stores' plans to convert to Gordmans so quickly, given the small sample size of stores it based its plans on and its relatively small supply of capital to power the conversions with. Landlords helped tip the company into bankruptcy, posting default notices and even locking the retailer out of its stores in some areas. Company reports stellar third quarter results with comparable sales up an eye-catching 17.4%. Stage Stores, Inc. 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. followed, while the company behind the scenes sought additional solutions for the capital to run its business, convert its stores and finish its transformation plan. Stage Stores Inc (NYSE:SSI) announced its quarterly earnings results on Thursday, August, 23rd. 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By signing up to receive our newsletter, you agree to our, As retailers focus on diversity, executive representation is stagnant, Sears is closing 13 more stores, further shrinking its footprint, Longtime L Brands CFO to retire, but not before Victoria's Secret spins off, Hudson's Bay to launch online marketplace. Trax and Blue Yonder Partner to Launch Dynamic Workforce Management Solution for Retailers a... Stuzo and Kount Partner to Bring Industry-Leading Fraud Protection to Stuzo’s Open Commerce®... Interface Shares its top 2021 Networking Predictions for Restaurants, Nordstrom leans on off-price, digital to chase customers and profits, Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena, Retailers tout initiatives for Black History Month. Net margin of 5.78 % and a liquidity crisis as the retailer could pull off its plans recent... Long before COVID-19 came along to take a magnifying glass to diversity, and many areas are.... 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