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Monday, March 8, 2021

Bealls’ parent company Stage Stores to close about 90 locations

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.

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.

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