Is Stage And Bealls Going Out Of Business?

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..

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.

Will Stage Stores find a buyer?

Stage Stores filed for Chapter 11 with a forked plan: it will liquidate while also trying to sell itself. If a buyer emerges, the retailer will be saved.

Are Goody’s stores closing?

In 2019, Stage Stores — which also operates the Bealls, Goody’s, Peebles and Palais Royal banners — converted 89 stores to its off-price Gordmans brand. … Plans called for the company to close 40 stores and convert the rest to Gordmans, which Stage acquired out of bankruptcy in 2017.

Is stage Bealls 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.

Are all Bealls Department Stores closing?

In March, Stage announced it was closing all of its 15 Bealls outlets in the Valley with the exception of the Port Isabel location. … Like all departments stores, the Stage brands have been shut down across the country due to coronavirus, and it anticipates reopening its 700 stores in phases beginning Friday.

Is stage the same as Bealls?

Stage Stores, Inc. Specialty Retailers, Inc. … 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.

Why is gordmans closing?

03.27. Today we announced taking action in response to increasingly challenging market conditions and the impact of the COVID-19 pandemic. Most important to our customers is the temporary closing all 738 of its stores at 6 p.m. local time today.

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.

What company owns Bealls?

Stage Stores1988–Bealls/Parent organizations

Is Bealls Florida A Stage store?

Bealls (Florida), based in Florida, also known as Burkes Outlet in some areas, where they might be confused with Bealls (Texas) Bealls (Texas), also owned by Stage Stores Inc. … Beall-Ladymon, sometimes also called Bealls, a department store chain based in Louisiana and purchased by Stage Stores in 1994.