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Why Stage Stores Closing Matters

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By Bill Read May 14, 2020

retail strategies

REPORT

Why Stage Stores closing matters

The retail community knew there would be retail fall-out from Covid-19. Retail stores have been suffering, and

Stage Stores has filed Chapter 11,

closing all its stores. The chain is being

put up for sale, in part or whole.

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. Stage is well known for locating in the county seat of America’s small towns. Rural America needed

access to affordable clothing and department stores with multiple categories of products lines. As Stage Stores matured, it was finding its place in retailing as an off-price discount apparel store. Following in the success of TJ Maxx, Ross, and Burlington stores, Stage’s plan was to convert all stores to the Gordmans’s name and operate as an off-price fashion store. The store conversions were

being well received by their small-town audiences, but Covid-19 was more than they could handle. Texas will be the most affected by the closings, with 186 stores set to begin going-out-of-business sales. While 13 other states had between 20 to 40 stores, Texas has the most stores by far, with 4.5 million square feet.

Its too early to tell if a retailer

will step up and buy the store

locations or leases, but in today’s climate for new stores, it will be a

challenge finding a buyer. Adding to the difficulty is the number of

chain stores vying for small town America.

continued...

1

retail strategies

Measuring the effect on small towns can be difficult, but the first place it will show up is in the sales tax revenue. The loss of sales tax revenue can make a big difference in providing needed services to the community. Lacy Beasley, president of Retail Strategies, a consulting company for city development departments, had this to say on the planned closings:

“In rural communities across the country, Stage Stores and Gordmans are the top department store options. This will leave a large void in the

market if the real estate is not backfilled with

a strong soft goods replacement. There is still a large percentage of the population in these markets who prefer brick and mortar over online shopping. They will have to drive 30 minutes to an

hour to find similar inventory.”

By Bill Read May 14, 2020

REPORT

Store Closing List

Bill Read has compiled a list of all Stage Stores with corresponding locations and closing dates.

2

retail strategies

Store

5076 5166 5167 5349 5270 5372

  • Store
  • Address
  • City
  • State Zip Code Concept
  • Currently New Start End Date

Operating Date

Alexander City Arab
Alexander City

981 Market Place

AL AL AL AL AL AL
35010- 3376
Stage Stage Stage Stage Stage Stage
Yes Yes Yes Yes Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

Arab

175 N Brindlee Mountain Pkwy

35016- 1317

  • Athens
  • Athens

613 US Highway 72 W

35611- 4211

  • Atmore
  • Atmore

Birmingham Brewton

141 Lindberg Ave, Ste B

36502- 3205

Birmingham (Admsvil)

2012 Veteran Memorial Dr

35214- 2050

Brewton

2131 Douglas Ave

36426- 1163

  • Centre
  • Centre

750 Cherokee Plaza

859 873
AL AL
35960 35055
Stage Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

  • Cullman
  • Cullman

1621 B Town Square SW

Demopolis Fort Payne Gardendale Geneva
Demopolis Fort Payne-11 Gardendale Geneva

505 US Highway 80 W

5224 5091 5074 5348 5374 6572
AL AL AL AL AL AL
36732- 4147
Stage Stage Stage Stage Stage
Yes No
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

1400 DeKalb Plaza Blvd SW

35967- 4828

1022 Main St\ PO Box 1603

35071- 1603
Yes Yes Yes

1402 W Maple Ave West

36340- 1648

Greenville Haleyville
Greenville Haleyville

147 Gateway Plaza

36037- 3749

42417 Highway 195, STE 200

  • 35565
  • Gordmans No

Gordmans No

Hamilton Jackson
Hamilton Jackson

6573 5335
AL AL

  • 35570
  • 05/15/20 08/30/20

05/15/20 08/30/20

2415 College Ave 185 S Alabama Ave

36545- 2458
Stage Stage Stage
Yes Yes Yes

Monroeville Ozark
Monroeville Ozark

5368 5337 6571
AL AL AL
36460- 1811
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

1548 S US Highway 231, Ste A3

36360- 4515

  • Russellville
  • Russellville

15485Highway43

35653- 8002
Gordmans No

Sylacauga Talladega
Sylacauga Talladega

1389 West Fort Williams St.

5525 5079
AL AL

  • 35150
  • Stage

Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

210 Haynes St, Ste A

35160- 2592

Muskogee Arkadelphia Batesville
Troy

501 N Main St

  • 82
  • AL

AR AR
74401- 6348
Stage Stage Stage

  • No
  • 05/15/20 08/30/20

05/15/20 08/30/20 05/15/20 08/30/20

Arkadelphia Batesville

2750 Pine St, Ste 3

783 821
71923- 4206
Yes Yes

23 Eagle Mountain Blvd

72501

3

retail strategies

Store

307 780 306 308 784

  • Store
  • Address
  • City
  • State Zip Code Concept
  • Currently New Start End Date

Operating Date

  • Camden
  • Camden

128 Garden Oaks Dr SW

AR AR AR AR AR
71701- 3713
Stage Stage Stage Stage Stage
Yes Yes Yes Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

Clarksville Crossett
Clarksville Crossett

1135 S Rogers St

72830- 9158

1308 Main St, Space D

71635- 3644

El Dorado Forrest City
El Dorado Forrest City

2003 N West Ave, Space 735

71730- 3349

2342 N Washington St

72335- 1845

Heber Springs Hope
Heber Springs Hope

1141 Hwy 25B N, Ste A

801 311
AR AR

  • 72543
  • Stage

Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

503 N Hervey St 107 Gregory Pl 401 N Fredrick

71801- 3435

Jacksonville Magnolia Malvern
Jacksonville Magnolia Malvern

314 309 591 316 781
AR AR AR AR AR
72076- 3211
Stage Stage Stage Stage Stage
Yes Yes Yes Yes No
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20
71753- 3116

1601 Martin Luther King Dr

72104- 2016

  • Mena
  • Mena

601 Highway 71 N

71953- 4394

  • Monticello
  • Monticello

123 N Park Dr

71655- 3952

Mountain Home Newport
Mountain Home Newport

1060 Hometown Commons

179 782
AR AR

  • 72653
  • Stage

Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

2109 Malcolm Ave

72112- 3631

Pine Bluff Rogers
Pine Bluff Rogers

2713 E. Harding Ave.

  • 867
  • AR

AR
71601 72758

  • Stage
  • Yes
  • 05/15/20 08/30/20

05/15/20 08/30/20

2203 S Promenade Blvd, Suite 2

  • 6079
  • Gordmans Yes

  • Russellville
  • Russellville

409 N Arkansas Ave

301 582
AR AR

  • 72801
  • Stage

Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

  • Siloam Springs
  • Siloam Springs

200 Progress Plaza Ave Ste 55

72761- 4553

West Memphis Bullhead City Douglas
West Memphis Bullhead City Douglas

500 West Broadway St, Ste 17

443 399 455 398
AR AZ AZ AZ
72301- 2906
Stage Stage Stage Stage
Yes Yes Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

2350 Miracle Mile, Ste 475

86442- 7505

204 W 5th St

85607- 2850

Nogales (Mariposa)
Nogales

351 W Mariposa Rd

85621- 1044

Nogales (Grand Ct)
Nogales Page

311 N Grand Ct Plaza Dr

526 794
AZ AZ

  • 85621
  • Stage

Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

Page

610 Elm St

86040- 2148

4

retail strategies

Store

446 451

  • Store
  • Address
  • City
  • State Zip Code Concept
  • Currently New Start End Date

Operating Date

  • Payson
  • Payson

400 E State Highway 260

AZ AZ
85541- 4976
Stage Stage

  • Yes
  • 05/15/20 08/30/20

  • Thatcher
  • Thatcher

2157 W US Highway 70

85552- 5543

  • Yes
  • 05/15/20 08/30/20

  • Alamosa
  • Alamosa

177 Craft Drive, Ste 103

568 706 6060 567
CO CO CO CO
81101 81212 80906
Stage Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

  • Canon City
  • Canon City

Colorado Springs Cortez

127 Justice Center Rd Ste R

Colorado Springs

1972 Southgate Road

Gordmans Yes Stage Yes

Cortez

2216 E Main St

81321- 4262

Littleton Sterling
Littleton Sterling

8055 W Bowles Ave

6105 805
CO CO
80123 80751
Gordmans Yes Stage Yes
05/15/20 08/30/20 05/15/20 08/30/20

1115 W Main St, Ste 300

Thornton Trinidad
Thornton Trinidad

10001 Grant St

6041 778
CO CO

  • 80229
  • Gordmans Yes

Stage Yes
05/15/20 08/30/20 05/15/20 08/30/20

2024 Freedom Rd

81082- 1208

  • Milford
  • Milford

654 N Dupont Hwy

6427 5018 6425 5245
DE DE DE FL
19963- 1002
Gordmans No Stage Yes Gordmans No
06/04/20 09/27/20 06/04/20 09/27/20 06/04/20 09/27/20 05/15/20 08/30/20

Rehoboth Beach Seaford
Rehoboth Beach Seaford

18910 Rehoboth Mall Blvd

19971- 6132

22970 Sussex Hwy

19973- 1756

  • Live Oak
  • Live Oak

1527 Ohio Ave South

32064- 4513

  • Stage
  • Yes

MacClenny Marianna Starke
MacClenny Marianna Starke

1160 South 6th St 2800 Hwy 71

5416 836
FL FL FL GA
32063 32446 32091
Stage Stage Stage Stage
Yes Yes Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

837 S. Walnut St. 104 W 1st St

702

  • Adel
  • Adel

  • 5346
  • 31620-

2302

Baxley Blakely Bremen Cairo
Baxley Blakely Bremen Cairo

106 E Parker St, #2

5357 5361 5178 5333
GA GA GA GA
31513- 0025
Stage Stage Stage Stage
Yes Yes Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

12246 Columbia St, Ste C

39823- 2559

3870 Bremen Crossing

30110- 1974

1020 1st Ave NE

39828- 2276

Commerce Cornelia
Commerce Cornelia

160 Banks Crossing Dr.

  • 828
  • GA

GA

  • 30529
  • Stage

Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

246 Habersham Hills Cir

  • 5362
  • 30531-

5390

  • Douglas
  • Douglas

1210 Madison Ave S

  • 5345
  • GA
  • 31533-

4406

  • Stage
  • Yes
  • 05/15/20 08/30/20

5

retail strategies

Store

5332 5373 5343 5260 5376 5204 5367 5255 5369 5375

  • Store
  • Address
  • City
  • State Zip Code Concept
  • Currently New Start End Date

Operating Date

Eastman Fitzgerald Hazlehurst Hinesville Jesup
Eastman

109 Main St

GA GA GA GA GA GA GA GA GA GA
31023- 6239
Stage Stage Stage Stage Stage Stage Stage Stage Stage Stage
Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

Fitzgerald Hazlehurst Hinesville Jesup

262 Ocilla Hwy, Ste 10

31750- 3744

112 S Tallahassee St, Ste 8

31539- 6415

149 W Hendry St

31313- 3201

150 S 1st St

31545- 1119

La Fayette Louisville Madison Metter
La Fayette Louisville Madison Metter

106 Pearl Dr

30728- 7509

813 Peachtree St

30434- 1449

1532 Eatonton Rd, Ste B

30650- 4627

165 S Leroy St 141 Talmadge Dr 9701 Ford Ave

30439- 4632

  • Moultrie
  • Moultrie

31768- 5050

Richmond Hill Rincon
Richmond Hill Rincon

5516 824
GA GA
31324 31326
Stage Stage
Yes Yes
05/15/20 08/30/20 05/15/20 08/30/20

410 S. Columbia Ave. Suite G

Sandersville Swainsboro Sylvania
Sandersville Swainsboro Sylvania

668 S Harris St

5340 5356 5377 5381 5380
GA GA GA GA GA
31082- 2821
Stage Stage Stage Stage Stage

  • No
  • 05/15/20 08/30/20

05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

501 S Main St

30401- 6134
Yes Yes Yes Yes

1129 W Ogeechee St 623 E Franklin St 312 W Hill St

30467- 8626

Sylvester Thomson
Sylvester Thomson

31791- 7231

30824- 2113

Cedarrapids Coralville
Cedar Rapids Coralville

4601 1st Ave SE

6072 6080 6082
IA IA IA
52402 52241 51501
Gordmans Yes Gordmans Yes Gordmans No
06/04/20 09/27/20 06/04/20 09/27/20 06/04/20 09/27/20

2515 Corridor Way

COUNCIL BLUFFS
Council Bluffs

3125 Manawa Centre Dr

  • DAVENPORT
  • Davenport

Des Moines

3860 Elmore Ave

6002 6019
IA IA
52807 50315
Gordmans No Gordmans Yes
06/04/20 09/27/20 06/04/20 09/27/20

South Des Moines

1200 SE Army Post Rd

East Des Moines KEOKUK
Des Moines Keokuk

2590 Hubbell Ave 300 Main St

6021 6264
IA IA

  • 50317
  • Gordmans Yes

Gordmans No
06/04/20 09/27/20

  • 05/15/20 08/30/20
  • 52632-

5814

MOUNT PLEASANT
Mount Pleasant

700 N Grand Ave

  • 6265
  • IA
  • 52641-

3115

  • Gordmans No
  • 05/15/20 08/30/20

6

retail strategies

  • Store
  • Store
  • Address
  • City
  • State Zip Code Concept
  • Currently New Start End Date

Operating Date

Sioux City WATERLOO Blackfoot
Sioux City Waterloo Blackfoot

5001 Sergeant Rd, Suite 140

6036 6023 803
IA IA ID
51106 50702 83221

  • Gordmans Yes
  • 06/04/20 09/27/20

06/04/20 09/27/20 05/15/20 08/30/20

2060 Crossroads Blvd #200

Gordmans No

1350 Parkway Dr, #29

Stage Stage
Yes Yes

  • Burley
  • Burley

717 N Overland 2260 N Eagle Rd

  • 800
  • ID

ID ID
83318 83646 83687
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

Meridian Nampa
Meridian Nampa

6103 6059
Gordmans Yes Gordmans Yes

16740 North Marketplace Blvd

  • CENTRALIA
  • Centralia

1105 W Broadway 1901 N Market

  • 6269
  • IL
  • 62801-

5353

  • Gordmans No
  • 06/04/20 09/27/20

Champaign East Peoria
Champaign East Peoria

6004 6107
IL IL
61822 61611
Gordmans Yes Gordmans Yes
06/04/20 09/27/20 06/04/20 09/27/20

340 West Washington Street

Fairview Heights
Fairview Heights

81 Ludwig Dr

  • 6027
  • IL
  • 62208
  • Gordmans Yes
  • 06/04/20 09/27/20

LINCOLN Moline
Lincoln

1308 Woodlawn Rd. 4401 27th St

6133 6003 6270
IL IL IL
62656 61265
Gordmans No Gordmans Yes Gordmans No
06/04/20 09/27/20 06/04/20 09/27/20 06/04/20 09/27/20

Moline
MOUNT VERNON
Mount Vernon

120 Times Square Mall

62864- 7018

  • Peoria
  • Peoria

7611 North Grand Prairie Dr

6071 6008
IL IL

  • 61615
  • Gordmans Yes

Gordmans Yes
06/04/20 09/27/20 06/04/20 09/27/20

  • Springfield
  • Springfield

3231 S Veterans Parkway

62704

TAYLORVILLE AURORA
Taylorville Aurora

113 E Bidwell St 901 Green Blvd.

6268 6290 6289

  • IL
  • 62568

47001
Gordmans No Gordmans No Gordmans No
06/04/20 09/27/20 05/15/20 08/30/20 05/15/20 08/30/20
IN IN

  • BATESVILLE
  • Batesville

218 Cross County Plz

47006- 8914

BEDFORD Clarksville
Bedford

1218 James Ave., Unit 2

6286 6112 6279
IN IN IN

  • 47421
  • Gordmans No

Gordmans Yes Gordmans No
05/15/20 08/30/20 05/15/20 08/30/20 05/15/20 08/30/20

Clarksville Columbia City

945 E. Lewis and Clark Parkwa

47129

COLUMBIA CITY

639 Country Side Dr

46725- 1101

1648 Crawfordsville Square Dr
Crawfordsville

  • 6276
  • IN
  • 47933
  • Gordmans No
  • 05/15/20 08/30/20

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    Exhibit 99 NEWS RELEASE CONTACT: Bob Aronson Vice President, Investor Relations 800-579-2302 ([email protected]) FOR IMMEDIATE RELEASE Stage Stores Reports February Sales Announces Participation at Bank of America Merrill Lynch 2011 Consumer Conference HOUSTON, TX, March 3, 2011 - Stage Stores, Inc. (NYSE: SSI) today reported that its total sales for the four week February period ended February 26, 2011 decreased 5.1% to $94 million from $99 million in the prior year four week period ended February 27, 2010. Comparable store sales decreased 7.2%. Andy Hall, President and Chief Executive Officer, commented, “We were pleased with the way the business performed in the second half of the month, with comparable store sales up approximately 10%. Unfortunately, this was not enough to offset the weakness we experienced in the first half of February, as a result of extreme weather conditions in the center of the country, most notably Texas, Oklahoma, Arkansas and Missouri, which represent close to 51% of our comparable store sales base.” Mr. Hall concluded, “Our inventories are well managed and our underlying fundamental traffic trends remain solid. As a result, we are projecting a 1% to 3% increase in comparable store sales for the first quarter, and will provide additional guidance for the quarter and fiscal year in our fourth quarter 2010 earnings release next Tuesday.” Store Activity There were no store openings during February, while one store was closed as a result of the store’s roof collapsing, due to excessive weight from accumulated snow, and another store was closed due to smoke damage from a fire in a neighboring store.
  • Outdoor Retailer + Snow Show 2018 Verified Store List January 25 - 28, 2018 • Colorado Convention Center • Denver, Co

    Outdoor Retailer + Snow Show 2018 Verified Store List January 25 - 28, 2018 • Colorado Convention Center • Denver, Co

    OUTDOOR RETAILER + SNOW SHOW 2018 VERIFIED STORE LIST JANUARY 25 - 28, 2018 • COLORADO CONVENTION CENTER • DENVER, CO This retail store location list details only one unique storefront per city/state and/or city/country that attended Outdoor Retailer + Snow Show 2018. ALABAMA BROWNFIELDS .....................................................................PHOENIX CALIFORNIA 20TH SPECIAL FORCES GROUP (A) ............................BIRMINGHAM C&S SPORTING GOODS .......................................................PHOENIX 153 WESTFIELD INC .......................................................FULLERTON CLIMBERK ................................................................. MONTGOMERY DAWOODBHOY INC ...............................................................TUCSON 180COMMERCE ................................................................CARLSBAD HIBBETT SPORTING GOODS INC .................................BIRMINGHAM FIRST CHAIR RENTAL SHOP ............................................FLAGSTAFF 510SKATEBOARDING .......................................................BERKELEY MOUNTAIN HIGH OUTFITTERS ....................................BIRMINGHAM FOREVER RESORTS ......................................................SCOTTSDALE 707 STREET ................................................................LOS ANGELES PANTS STORE ...........................................................................LEEDS FOSTERS SHOES ...................................................................TUCSON 7P INTERNATIONAL .............................................................
  • Stage Stores Completes the Acquisition of Bc Moore & Sons, Inc

    Stage Stores Completes the Acquisition of Bc Moore & Sons, Inc

    Exhibit 99.2 NEWS RELEASE CONTACT: Bob Aronson Vice President, Investor Relations 800-579-2302 ([email protected]) FOR IMMEDIATE RELEASE STAGE STORES COMPLETES THE ACQUISITION OF B.C. MOORE & SONS, INC. HOUSTON, TX, February 27, 2006 - Stage Stores, Inc. (Nasdaq: STGS) today reported that it has completed its previously announced acquisition of privately held B.C. Moore & Sons, Inc. (“B.C. Moore”). In purchasing B.C. Moore, the Company acquired 78 retail locations, which are located in small markets throughout Alabama, Georgia, North Carolina and South Carolina. The Company’s integration plan calls for 69 of the acquired locations to be converted into Peebles stores, and the remaining 9 locations will be closed. The acquisition expands and strengthens the Company’s position in the Southeastern United States, and is consistent with its corporate strategy of increasing the concentration of its store base into smaller and more profitable markets. Jim Scarborough, Chairman and Chief Executive Officer of Stage, commented, “We are pleased to have completed this acquisition so quickly, and we enthusiastically look forward to entering these new markets with our Peebles store format. Our new customers in these markets will enjoy our exceptional service, exciting brand names, merchandise selections, and value in easy-to-shop and conveniently located stores.” Stage Stores, Inc. brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities. The Company currently operates 376 Bealls, Palais Royal and Stage stores throughout the South Central states, and operates 174 Peebles stores throughout the Midwestern, Southeastern, Mid-Atlantic and New England states.
  • John C. Weld, Jr., Et Al. V. Stage Stores, Inc., Et Al. 99-CV-957-Complaint

    John C. Weld, Jr., Et Al. V. Stage Stores, Inc., Et Al. 99-CV-957-Complaint

    ' 111° II/ s UNITEERDNS DistRicr OUTH TATES CO OF TEXAS FILED MAR 3 1999 Gs liCb8ItJ. MUbydICkrkolcaud UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS JOHN C. WELD, JR., On Behalf of § No. 1:1 -9 - 0 9 5 7 Himself and All Others Similarly Situated, S CLASS ACTION § Plaintiff, § § vs. § STAGE STORES, INC., CARL TOOKER, § COMPLAINT FOR VIOLATION OF TYLER INTERNATIONAL, -TYLER S510(b) AND 20(a) OF THE -MASSACHUSETTS, L.P., TYLER CAPITAL § SECURITIES EXCHANGE ACT OF FUND L.P., BCIP TRUST ASSOCIATES S 1934 AND SEC RULE 10b-5 L.P., BCIP ASSOCIATES, BAIN § CAPITAL, INC., BAIN VENTURE § CAPITAL, ACADIA PARTNERS L. P., ACADIA FW PARTNERS L.P._ ACADIA MOP, INC., OAK HILLART1\--TER—S) INC., S SANDRA BORNSTEIN, ERNEST R. CRUSE, S RIGO HERNANDEZ, JERRY C. IVIE, JOANNE SWARTZ, MARK SHULMAN, MEL WARD, DONALD R. WESTBROOK, JAMES § MARCUM, STEPHEN LOVELL, CHARLES § SLEDGE, ADAM KIRSCH, JOSHUA § BEKENSTEIN, PETER G. MULVIHILL, CREDIT SUISSE FIRST BOSTON and BEAR, STEARNS & CO. INC., § § Defendants. S Plaintiff Demand A S Trial By Jury 9S , INTRODUCTION AND OVERVIEW Summary 1. This is an action on behalf of purchasers of Stage Stores, Inc. ("Stage Stores" or the "Company") stock between 5/7/97 and 8/6/98 (the "Class Period"). Stage Stores operates hundreds of retail casual clothing stores in the mid and southwest. 2. In 1988, Stage Stores had been taken "private" in a leveraged buyout ("LBO") arranged and financed by two venture capital groups -- Bain Capital and Acadia (see ¶1118 and 19, infra). After Stage Stores went private, its business performed much worse than expected and one significant acquisition it made was a failure, making Stage Stores a very poor investment for Bain Capital and Acadia.
  • Gordmans Department Store (Stage Stores) 200 S Red River Expy SALE Burkburnett, TX 76354 Wichita Falls Submarket TABLE of CONTENTS

    Gordmans Department Store (Stage Stores) 200 S Red River Expy SALE Burkburnett, TX 76354 Wichita Falls Submarket TABLE of CONTENTS

    Gordmans Department Store (Stage Stores) 200 S Red River Expy SALE Burkburnett, TX 76354 Wichita Falls Submarket TABLE OF CONTENTS I. OFFERING SUMMARY 3 - 4 II. PROPERTY OVERVIEW 5 – 8 III. MARKET OVERVIEW 9 – 12 200 S Red River Expy OFFERING MEMORANDUM Eva Horton Sara Fredericks Albert Spiers Managing Director Director Associate 713.599.5188 469.467.2057 713.626.2288 [email protected] [email protected] [email protected] This Memorandum does not constitute a representation that the business or affairs of the Property or Seller since the date of preparation (DATE) of this Memorandum have remained the same. Analysis and verification of the information contained in this Memorandum are solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request of interested and qualified prospective purchasers. Seller and Agent each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property, and/or terminate discussions with any party at any time with or without notice. Seller reserves the right to change the timing and procedures for the Offering process at any time in Seller’s sole discretion. Seller shall have no legal commitment or obligations to any party reviewing this Memorandum, or making an offer to purchase the Property, unless and until such offer is approved by Seller, and a written agreement for the purchase of the Property has been fully executed and delivered by Seller and the Purchaser thereunder. This Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature.
  • Crosby Et Al V. Stage Stores Inc

    Crosby Et Al V. Stage Stores Inc

    UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF TENNESSEE MAYA CROSBY and DENEEN PATTON, on COLLECTIVE ACTION behalf of themselves and all those similarly COMPLAINT situated, Plaintiffs, Civil Action No. _______________ v. STAGE STORES INC., Defendant. COLLECTIVE ACTION COMPLAINT Plaintiffs Maya Crosby and Deneen Patton (collectively “Plaintiffs”), on behalf of themselves and all others similarly situated, by and through their counsel, Outten & Golden LLP, complaining of the Defendant Stage Stores, Inc., including all subsidiaries and related entities, (collectively “Defendant” or the “Company”), allege as follows: PRELIMINARY STATEMENT 1. This lawsuit seeks to recover unpaid minimum wage and overtime compensation for Plaintiffs and their similarly situated co-workers who have worked for Defendant as Sales Associates, Visual Associates, eCommerce Fulfillment Associates, Custodian Freight Associates, Counter Managers, Cosmetic Sales Mangers, Beauty Advisors, and Assistant Store Managers in stores nationwide (collectively “Hourly Workers”). 2. Defendant is a retail clothing company operating approximately 793 stores in 42 states throughout the United States including Tennessee, Texas, Louisiana, Georgia, Indiana, Kentucky, Pennsylvania, Mississippi, Missouri, North Carolina, South Carolina, New York, Virginia, Alabama, and Arkansas. Defendant does business under the brands Stage, Peebles, Goody’s, Bealls, and Palais Royal. 3. Defendant employs Hourly Workers, such as Plaintiffs, to assist in the Case 3:18-cv-00503 Document 1 Filed 05/30/18 Page 1 of 11 PageID #: 1 operation of their stores by: assisting customers, staffing fitting rooms, using the cash register to assist customers with making purchases, cleaning the store, organizing the displays, and unloading stock. 4. Defendant requires its Hourly Workers to meet daunting productivity requirements each workweek, forcing Plaintiffs to work long hours, often in excess of 40 hours per workweek to fulfill required responsibilities.
  • November 21, 2019 Safe Harbor

    November 21, 2019 Safe Harbor

    November 21, 2019 Safe Harbor Forward-Looking Statements This presentation contains forward-looking statements. Such statements are intended to qualify for the protection of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “estimate,” “expect,” “objective,” “goal,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “may,” “target,” “forecast,” “guidance,” “outlook” and similar expressions generally identify forward-looking statements. Similarly, descriptions of the Company’s objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions and factors concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those discussed in forward-looking statements as a result of various factors. Such factors include, but are not limited to, the ability of the Company to maintain normal trade terms with vendors, the ability of the Company to comply with the covenant requirements contained in its revolving credit facility agreement, the demand for the Company’s merchandise and other factors. The demand for