Why Stage Stores Closing Matters

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... 1retail 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. 2retail strategies Store 5076 5166 5167 5349 5270 5372 <ul style="display: flex;"><li style="flex:1">Store </li><li style="flex:1">Address </li><li style="flex:1">City </li><li style="flex:1">State Zip Code Concept </li><li style="flex:1">Currently New Start End Date </li></ul>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 <ul style="display: flex;"><li style="flex:1">Athens </li><li style="flex:1">Athens </li></ul>613 US Highway 72 W 35611- 4211 <ul style="display: flex;"><li style="flex:1">Atmore </li><li style="flex:1">Atmore </li></ul>Birmingham Brewton 141 Lindberg Ave, Ste B 36502- 3205 Birmingham (Admsvil) 2012 Veteran Memorial Dr 35214- 2050 Brewton 2131 Douglas Ave 36426- 1163 <ul style="display: flex;"><li style="flex:1">Centre </li><li style="flex:1">Centre </li></ul>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 <ul style="display: flex;"><li style="flex:1">Cullman </li><li style="flex:1">Cullman </li></ul>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 <ul style="display: flex;"><li style="flex:1">35565 </li><li style="flex:1">Gordmans No </li></ul>Gordmans No Hamilton Jackson Hamilton Jackson 6573 5335 AL AL <ul style="display: flex;"><li style="flex:1">35570 </li><li style="flex:1">05/15/20 08/30/20 </li></ul>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 <ul style="display: flex;"><li style="flex:1">Russellville </li><li style="flex:1">Russellville </li></ul>15485Highway43 35653- 8002 Gordmans No Sylacauga Talladega Sylacauga Talladega 1389 West Fort Williams St. 5525 5079 AL AL <ul style="display: flex;"><li style="flex:1">35150 </li><li style="flex:1">Stage </li></ul>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 <ul style="display: flex;"><li style="flex:1">82 </li><li style="flex:1">AL </li></ul>AR AR 74401- 6348 Stage Stage Stage <ul style="display: flex;"><li style="flex:1">No </li><li style="flex:1">05/15/20 08/30/20 </li></ul>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 3retail strategies Store 307 780 306 308 784 <ul style="display: flex;"><li style="flex:1">Store </li><li style="flex:1">Address </li><li style="flex:1">City </li><li style="flex:1">State Zip Code Concept </li><li style="flex:1">Currently New Start End Date </li></ul>Operating Date <ul style="display: flex;"><li style="flex:1">Camden </li><li style="flex:1">Camden </li></ul>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 D71635- 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 <ul style="display: flex;"><li style="flex:1">72543 </li><li style="flex:1">Stage </li></ul>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 <ul style="display: flex;"><li style="flex:1">Mena </li><li style="flex:1">Mena </li></ul>601 Highway 71 N 71953- 4394 <ul style="display: flex;"><li style="flex:1">Monticello </li><li style="flex:1">Monticello </li></ul>123 N Park Dr 71655- 3952 Mountain Home Newport Mountain Home Newport 1060 Hometown Commons 179 782 AR AR <ul style="display: flex;"><li style="flex:1">72653 </li><li style="flex:1">Stage </li></ul>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. <ul style="display: flex;"><li style="flex:1">867 </li><li style="flex:1">AR </li></ul>AR 71601 72758 <ul style="display: flex;"><li style="flex:1">Stage </li><li style="flex:1">Yes </li><li style="flex:1">05/15/20 08/30/20 </li></ul>05/15/20 08/30/20 2203 S Promenade Blvd, Suite 2 <ul style="display: flex;"><li style="flex:1">6079 </li><li style="flex:1">Gordmans Yes </li></ul><ul style="display: flex;"><li style="flex:1">Russellville </li><li style="flex:1">Russellville </li></ul>409 N Arkansas Ave 301 582 AR AR <ul style="display: flex;"><li style="flex:1">72801 </li><li style="flex:1">Stage </li></ul>Stage Yes Yes 05/15/20 08/30/20 05/15/20 08/30/20 <ul style="display: flex;"><li style="flex:1">Siloam Springs </li><li style="flex:1">Siloam Springs </li></ul>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 <ul style="display: flex;"><li style="flex:1">85621 </li><li style="flex:1">Stage </li></ul>Stage Yes Yes 05/15/20 08/30/20 05/15/20 08/30/20 Page 610 Elm St 86040- 2148 4retail strategies Store 446 451 <ul style="display: flex;"><li style="flex:1">Store </li><li style="flex:1">Address </li><li style="flex:1">City </li><li style="flex:1">State Zip Code Concept </li><li style="flex:1">Currently New Start End Date </li></ul>Operating Date <ul style="display: flex;"><li style="flex:1">Payson </li><li style="flex:1">Payson </li></ul>400 E State Highway 260 AZ AZ 85541- 4976 Stage Stage <ul style="display: flex;"><li style="flex:1">Yes </li><li style="flex:1">05/15/20 08/30/20 </li></ul><ul style="display: flex;"><li style="flex:1">Thatcher </li><li style="flex:1">Thatcher </li></ul>2157 W US Highway 70 85552- 5543 <ul style="display: flex;"><li style="flex:1">Yes </li><li style="flex:1">05/15/20 08/30/20 </li></ul><ul style="display: flex;"><li style="flex:1">Alamosa </li><li style="flex:1">Alamosa </li></ul>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 <ul style="display: flex;"><li style="flex:1">Canon City </li><li style="flex:1">Canon City </li></ul>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 <ul style="display: flex;"><li style="flex:1">80229 </li><li style="flex:1">Gordmans Yes </li></ul>Stage Yes 05/15/20 08/30/20 05/15/20 08/30/20 2024 Freedom Rd 81082- 1208 <ul style="display: flex;"><li style="flex:1">Milford </li><li style="flex:1">Milford </li></ul>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 <ul style="display: flex;"><li style="flex:1">Live Oak </li><li style="flex:1">Live Oak </li></ul>1527 Ohio Ave South 32064- 4513 <ul style="display: flex;"><li style="flex:1">Stage </li><li style="flex:1">Yes </li></ul>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 <ul style="display: flex;"><li style="flex:1">Adel </li><li style="flex:1">Adel </li></ul><ul style="display: flex;"><li style="flex:1">5346 </li><li style="flex:1">31620- </li></ul>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. <ul style="display: flex;"><li style="flex:1">828 </li><li style="flex:1">GA </li></ul>GA <ul style="display: flex;"><li style="flex:1">30529 </li><li style="flex:1">Stage </li></ul>Stage Yes Yes 05/15/20 08/30/20 05/15/20 08/30/20 246 Habersham Hills Cir <ul style="display: flex;"><li style="flex:1">5362 </li><li style="flex:1">30531- </li></ul>5390 <ul style="display: flex;"><li style="flex:1">Douglas </li><li style="flex:1">Douglas </li></ul>1210 Madison Ave S <ul style="display: flex;"><li style="flex:1">5345 </li><li style="flex:1">GA </li><li style="flex:1">31533- </li></ul>4406 <ul style="display: flex;"><li style="flex:1">Stage </li><li style="flex:1">Yes </li><li style="flex:1">05/15/20 08/30/20 </li></ul>5retail strategies Store 5332 5373 5343 5260 5376 5204 5367 5255 5369 5375 <ul style="display: flex;"><li style="flex:1">Store </li><li style="flex:1">Address </li><li style="flex:1">City </li><li style="flex:1">State Zip Code Concept </li><li style="flex:1">Currently New Start End Date </li></ul>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 <ul style="display: flex;"><li style="flex:1">Moultrie </li><li style="flex:1">Moultrie </li></ul>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 <ul style="display: flex;"><li style="flex:1">No </li><li style="flex:1">05/15/20 08/30/20 </li></ul>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 <ul style="display: flex;"><li style="flex:1">DAVENPORT </li><li style="flex:1">Davenport </li></ul>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 <ul style="display: flex;"><li style="flex:1">50317 </li><li style="flex:1">Gordmans Yes </li></ul>Gordmans No 06/04/20 09/27/20 <ul style="display: flex;"><li style="flex:1">05/15/20 08/30/20 </li><li style="flex:1">52632- </li></ul>5814 MOUNT PLEASANT Mount Pleasant 700 N Grand Ave <ul style="display: flex;"><li style="flex:1">6265 </li><li style="flex:1">IA </li><li style="flex:1">52641- </li></ul>3115 <ul style="display: flex;"><li style="flex:1">Gordmans No </li><li style="flex:1">05/15/20 08/30/20 </li></ul>6retail strategies <ul style="display: flex;"><li style="flex:1">Store </li><li style="flex:1">Store </li><li style="flex:1">Address </li><li style="flex:1">City </li><li style="flex:1">State Zip Code Concept </li><li style="flex:1">Currently New Start End Date </li></ul>Operating Date Sioux City WATERLOO Blackfoot Sioux City Waterloo Blackfoot 5001 Sergeant Rd, Suite 140 6036 6023 803 IA IA ID 51106 50702 83221 <ul style="display: flex;"><li style="flex:1">Gordmans Yes </li><li style="flex:1">06/04/20 09/27/20 </li></ul>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 <ul style="display: flex;"><li style="flex:1">Burley </li><li style="flex:1">Burley </li></ul>717 N Overland 2260 N Eagle Rd <ul style="display: flex;"><li style="flex:1">800 </li><li style="flex:1">ID </li></ul>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 <ul style="display: flex;"><li style="flex:1">CENTRALIA </li><li style="flex:1">Centralia </li></ul>1105 W Broadway 1901 N Market <ul style="display: flex;"><li style="flex:1">6269 </li><li style="flex:1">IL </li><li style="flex:1">62801- </li></ul>5353 <ul style="display: flex;"><li style="flex:1">Gordmans No </li><li style="flex:1">06/04/20 09/27/20 </li></ul>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 <ul style="display: flex;"><li style="flex:1">6027 </li><li style="flex:1">IL </li><li style="flex:1">62208 </li><li style="flex:1">Gordmans Yes </li><li style="flex:1">06/04/20 09/27/20 </li></ul>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 <ul style="display: flex;"><li style="flex:1">Peoria </li><li style="flex:1">Peoria </li></ul>7611 North Grand Prairie Dr 6071 6008 IL IL <ul style="display: flex;"><li style="flex:1">61615 </li><li style="flex:1">Gordmans Yes </li></ul>Gordmans Yes 06/04/20 09/27/20 06/04/20 09/27/20 <ul style="display: flex;"><li style="flex:1">Springfield </li><li style="flex:1">Springfield </li></ul>3231 S Veterans Parkway 62704 TAYLORVILLE AURORA Taylorville Aurora 113 E Bidwell St 901 Green Blvd. 6268 6290 6289 <ul style="display: flex;"><li style="flex:1">IL </li><li style="flex:1">62568 </li></ul>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 <ul style="display: flex;"><li style="flex:1">BATESVILLE </li><li style="flex:1">Batesville </li></ul>218 Cross County Plz 47006- 8914 BEDFORD Clarksville Bedford 1218 James Ave., Unit 2 6286 6112 6279 IN IN IN <ul style="display: flex;"><li style="flex:1">47421 </li><li style="flex:1">Gordmans No </li></ul>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 <ul style="display: flex;"><li style="flex:1">6276 </li><li style="flex:1">IN </li><li style="flex:1">47933 </li><li style="flex:1">Gordmans No </li><li style="flex:1">05/15/20 08/30/20 </li></ul>

Why Stage Stores Closing Matters

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