🠈  Stage Stores  🠊

Stage Stores

Stage Stores is the holder of many regional brand store chains including the brands:

• Stage Stores in the South Central US.
• Bealls in the Southeastern US
• Palais Royal in Texas
• Peebles in the Eastern and Upper Midwest.
• Gordmans in the Midwest.
• Goody in the Southeastern US

Wikipedia reported that the company once had 793 stores and currently has about 650 stores. The stores are often located in smaller cities. The company's headquarters are in Houston, Tx. It trades on the NYSE with the symbol: SSI.

Corporate History

The current company developed through a complex series of mergers. This section lists a few of the transactions.

• 1988: The company was founded as Specialty Retailer, Inc. and financed by Bain Capital to purchase the Palais Royal chain in Texas and to serve as a vehicle for rolling up regional chains serving small towns.
  • 1921 by Isadore Erlich started the Palais Royal chain in Shreveport, Louisiana.
• 1988: SRI acquired Bealls Brothers, Inc. which had 126 stores.
  • 1923: The Beall brothers (Archie and Robbie) opened a store in Henderson, Texas. Willie joined up a bit later.
  • 1930: The Bealls acquired the assets of J.L. Douglas then moved their headquarters to Jacksonville, Tx.
• 1992: SRI acquired Colorado-based Fashion Bar which had 71 stores. This included the Stage Stores brand. SRI closed the Fashion Bar stores but kept Stage
• 1993 SRI formed Apparel Retailers, Inc. (ARI) as the parent company of SRI.
• 1994: ARI closed 40 under performing Fashion Bar stores.
• 1994: ARI acquired 49 stores branded as Beall-Ladymon, Inc. from Horace Ladymon. These reopened as Stage.
• 1996: ARI acquired Uhlmans with stores in Michigan, Illinois, and Indiana.
1996: ARI changed its name to Stage Stores and held an IPO on NASDAQ. They sold 11 million shares at $16.
• 1997: Stage acquired C. R. Anthony Co. and Tri-North.
• 1998: Stage moved to the NYSE.
• 1998: Stage acquired 15 Tri-North Department Stores in Montana, Nevada, Oregon, and Washington.
• 2003: Stage Stores acquired Peebles which had 136 stores in 17 states.

  History of Peebles

  • 1891: William S. Peebles and Arthur S. Green established Peebles and Green clothing store in rural Lawrenceville, Virginia.
  • 1907: The name changed to Peebles and Purdy Co. when Green left to work in groceries and Leonard Purdy joined the firm. Lawrenceville had grown to a population of 2,000.
  • 191?: The store upgraded and became W. S. Peebles & Company.
  • 1923: Peebles opened its second store in South Hill, Virginia.
  • 1929: Peebles opened its third store, in Emporia, Virginia.
  • 1985: Peebles moved its corporate offices from Lawrenceville to South Hill, Virginia.
  • 1986: Investcorp, based in Bahrain, acquired Peebles for $77.6 million.
  • 1989: A leveraged buy out led by PaineWebber Inc. acquired Peebles for $152 million.
  • 1992: The company changed its name to Peebles Inc..
  • 1995: Kelso & Company acquired Peebles.
• 2009: Stage acquired the Goody's brand in a bankruptcy auction.
• 2011: Stage launced a chain called Steele’s & Deals, LLC, which sold off price merchandise.
• 2014: Stage sent Steele's to Hilco for liquidation.
• 2017: Stage acquired the assets of Gordmans'. This included 50 stores and a distribution center.

profile page

References:

1. Funding Universe - Stage Stores (Drawn 9/23/2019)
2. Wikipedia - Stage Stores (Drawn 9/23/2019)
3. SGB - Stage Stores Acquires Peebles (Drawn 9/23/2019)
4. Funding Universe - Peebles Inc (Drawn 9/23/2019)

Directory Listings:

• Cochise County - Shopping: Stage Stores
• Coconino County - Shopping: Stage Stores
• Gila County - Shopping: Stage Stores
• Graham County - Shopping: Stage Stores
• Santa Cruz County - Shopping: Stage Stores
• Cedar City - Shopping: Bealls
• Vernal, Utah. US - Shopping: Stage Stores

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