Historically, Stage Stores operated full-price retail outlets under the Bealls, Palais Royal, Peebles, Stage, and Goody's nameplates before transitioning away from that business model and toward an off-price positioning in 2019 and 2020.
Similarly, it is asked, is stage stores going out of business?
The department store had been preparing for a potential bankruptcy in the months before the coronavirus pandemic forced most U.S. retailers to close their doors in March. Stage Stores said Sunday it would start selling off inventory when 557 of its stores reopen on May 15.
Additionally, is gordmans going out of business?
Gordmans going out of business. After opening in March, Gordmans in London will close following the company filing for bankruptcy. Gordmans stores everywhere will close, including the location at the London shopping center.
Why are Stage Stores closing?
Stage Stores faced a difficult road to financial health before the crisis hit. 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.
Are all Goody's stores closing?
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.