Stage Stores will begin liquidation sales at 550 stores Friday, with others following suit in coming weeks. Pier 1 is a national retailer selling furniture, home décor and accessories. Stage Stores Inc., the owner of rural department and discount stores including Goody’s, Peebles and Gordmans, filed for bankruptcy protection, adding to the toll of traditional retailers … Liquidation will begin when stores reopen. • Stage Stores, which operates about 738 stores under a variety of nameplates, including Bealls, Palais Royal, Peebles, Stage, Goody's and Gordmans, … STAGING FURNITURE LIQUIDATION CENTER: Not New, But Not Used furniture. All stores are planning or operating liquidation sales, at price cuts from 10 to 60 percent according to Stage’s website. The latest bankruptcies and store closures, they say, will disproportionately affect the country’s lower- and mid-tier shopping malls, many of which have also been gutted by widespread vacancies. Stage Stores, which mostly operates Bealls stores in North Texas, said it will begin liquidation sales as it begins to reopen stores on May 15. Stage Stores, which bought the Gordmans chain in 2017, has filed for bankruptcy and plans to liquidate the department stores’ inventory after … A bankruptcy judge approved the retailer’s plan to complete its ongoing liquidation and shut down its remaining stores, reported Law360. Americans are increasingly shopping online instead of at the mall, and they say that dynamic is likely to solidify in the coming months, even as states and municipalities begin lifting stay-at-home orders. Stage Stores has run out of time. Stage Stores (Stage, Goody’s, Palais Royal, Bealls, Peebles, Gordmans) The crisis has ushered in a new wave of trouble for U.S. retailers, many of which were already struggling with large debt loads and dwindling store traffic years before the coronavirus pandemic forced weeks-long store closures. Pier 1. Lightly used for the staging of vacant and model homes. The Houston-based company said it is searching for a buyer and plans to reopen and liquidate its stores beginning Friday. Stage Stores operates hundreds of Bealls, Goody's, Palais Royal, Peebles, Stage and Gordmans stores. The Services. Stage Stores will seek buyers for all or parts of its business and begin liquidating its inventory. The … The company’s stock, which was trading lately at less than $1 a share, plunged 22% after the announcement. Stage Stores will begin liquidation sales at 550 stores Friday, with others following suit in coming weeks. Stage Stores operates hundreds of Bealls, Goody's, Palais … The efforts had been largely successful: Same-store sales — a closely-watched measure at stores open at least one year — rose more than 17% in the most recent quarter. The retailer will simultaneously seek buyers for parts or all of its operations while it also begins to cease operations, Stage Stores said in a statement on Sunday evening. It will begin reopening stores that have been closed by the pandemic, with approximately 557 outlets slated to open on May 15 for liquidation … Stage Stores will reopen many of its locations on Friday, only to start liquidation sales in conjunction … U.S. employers added only 49,000 jobs in January, underscoring coronavirus’ damage, The best places to buy engagement rings in Philadelphia, Super Bowl LV ticket prices keep dropping days before the big game, Amtrak will pay employees to get coronavirus vaccine, Pennsylvania will get nearly $26 million from McKinsey opioid settlement, U.S. unemployment claims fell to 779,000 last week, but job cuts grind on, California residents do not sell my data request. Stage Stores is close to closing up shop, including at the newly converted Gordmans stores in Southeast Texas. “The coronavirus situation has hit the company hard and has exposed many underlying weaknesses of the business,” Neil Saunders, managing director of GlobalData Retail, wrote in a note to clients on Monday. The latest bankruptcies and store closures, they say, will disproportionately affect the country's lower- and mid-tier shopping malls, many of which have also been gutted by widespread vacancies. Here are 3 other things we must do... Blanca Kling, a pillar in the Latino community who helped thousands of crim... IRS mistakenly tells tens of thousands of taxpayers they won’t get their st... See how many doses will be available in your state, We answer one every day in our coronavirus newsletter. 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