HOUSTON (AP) — Stage Stores Inc. plans to close about 90 underperforming locations.
The Houston-based retailer made the announcement Thursday.
President and CEO Michael Glazer says the closures involve stores representing 4 percent of total sales. Company officials did not immediately say which locations will be closing.
Glazer says the company was challenged by the impact of a weaker peso and economic softness in parts of Texas, Louisiana, Oklahoma and New Mexico.
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Stage Stores has about 850 locations in 40 states, with more than 14,000 employees. It operates stores under the Stage, Bealls, Goody’s Palais Royal and Peebles names.