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S.T.A.G.E. history
S.T.A.G.E. company history timeline
Beginnings of a New Retail Concept: 1988-92
Stage Stores was founded in the year 1988.
The company emphasized excellent customer service and promoted its private-label, credit-card program, which in 1991 included over one million active accounts and contributed approximately 60 percent of net sales.
In the year 1992, the company had acquired the Fashion Bar.
The company purchased the 45 stores of Beall-Ladymon, Inc. and reopened the stores in the first quarter of 1995 under the Stage name.
The increase, however, was partially offset by the effects of the Store Closure Plan and the 1995 devaluation of the Mexican peso, which negatively impacted sales at the six Bealls stores located on the Texas/Mexico border.
The company opened 35 new stores in the central United States and reported record sales of $776.55 million for 1996.
In 1996, the company had completed the closure of the other Fashion Bar Stores but retained the Stage name.
With the June 1997 purchase of C.R. Anthony Company (Anthony's), Stage Stores strengthened its position as the dominant branded-apparel retailer in small-town America.
More than 85 percent of fiscal 1997 sales consisted of branded merchandise, including nationally recognized brands such as Levi Strauss, Liz Claiborne, Chaps/Ralph Lauren, Calvin Klein, Guess?, Hanes, Nike, Reebok, and Haggar Apparel.
Stage expanded into the Northwest with the acquisition in 1997 of C R Anthony and Tri-North stores.
On March 25, 1998, Stage Stores announced that the Office of the Comptroller of the Currency had granted the company preliminary approval of an application for a credit-card bank charter.
In April 1998 Stage began trading on the New York Stock Exchange.
Upon completion of the acquisition, Stage completely remodeled and re-merchandized the stores; they were opened under the Stage name and format in the early fall of 1998.
In the year 1999, the company had filed for Chapter 11 Bankruptcy.
Unable to pay some of its vendors, Stage was forced to file for Chapter 11 bankruptcy protection in June 2000.
James Scarborough was named president and CEO in 2000.
The reorganization appeared to pay off and Scarborough's optimism was evident as he claimed in an August 2001 Journal Record article, "We've gone from a train wreck a year ago to one of the most profitable retailers in the country."
The company successfully emerged from bankruptcy in 2001 and is focused on growth in small to mid-sized markets.
Indeed, Stage had secured six quarters of sales growth by 2002.
In the year 2003, Stage Stores acquired 136 Peebles stores located in 17 states.
Stage posted record sales of $1.34 billion in 2005, climbing 8.1 percent over the previous year's figures.
In keeping with Stage's strategy to increase its store count in small profitable markets, the company decided to add B.C. Moore & Sons Inc. to its portfolio in February 2006.
In addition, the company planned to open 39 new stores during 2006.
The company purchased the Goody's name through the Goody's bankruptcy auction in the year 2009.
Lemieux, Gloria; Stansell, Christina "Stage Stores, Inc. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/stage-stores-inc
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S.T.A.G.E. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Elder-Beerman | 1883 | $3.5B | 5,000 | - |
| Bon-Ton | 1898 | $2.7B | 23,300 | 14 |
| Younkers | 1856 | $3.0M | 150 | - |
| Lord & Taylor | 1826 | $1.4B | 9,000 | - |
| Bealls | 1915 | $1.8B | 10,001 | 36 |
| Boston Store | 1854 | $470.0M | 5,000 | - |
| Crabtree & Evelyn | 1972 | $400.0M | 667 | - |
| Filene's | 1881 | - | 74 | - |
| Von Maur | 1872 | $620.0M | 5,000 | 230 |
| Lucky Brand | 1990 | $330.0M | 1,844 | 141 |
S.T.A.G.E. history FAQs
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S.T.A.G.E. may also be known as or be related to S.T.A.G.E., Stage Stores, Stage Stores, Inc and Stages.