Question: Does Stage Stores Have A Buyer?

Who owns gordmans store?

Stage StoresGordmans/Parent organizations.

Is gordmans similar to TJ Maxx?

We’re similar to TJ Maxx, Ross or Marshalls, but Gordmans has a cooler name an advantage these stores don’t. Gordmans is owned by Stage Stores, a more traditional department store (not one of the stuffy ones), so they leverage the strengths of both Gordmans and Stage to create a sort of “best of both worlds” situation.

What is sold at gordmans?

Gordmans offers a variety of products, including apparel, accessories, shoes, bedding, furniture, jewelry, beauty products, electronics, and housewares. It’s an extensive selection.

Which gordmans locations are closing?

Numerous local media have reported on individual Gordmans stores slated for closure, including locations in Illinois, North Dakota, Indiana, Nebraska, Missouri, Iowa, Colorado and Wisconsin.

Is Bealls in Florida going out of business?

Iconic Florida retailer Bealls has announced that it will temporarily close its stores. “Out of an abundance of caution we have decided to temporarily close all of our stores,” CEO Matt Beall said in a statement.

Will Stage Stores find a buyer?

Stage Stores filed for Chapter 11 with a forked plan: it will liquidate while also trying to sell itself. If a buyer emerges, the retailer will be saved.

Who bought out Stage Stores?

Axar Capital Management LP owns 14.87 percent of the company’s equity, and Glazer owns 6.41 percent. Stage Stores plans to seek approval for a cash collateral to ensure it has the cash flow to support operations in Chapter 11.

Are all gordmans stores closing?

Like many others, our business was significantly impacted by COVID-19. We temporarily closed all of our stores as we have worked to manage through this challenging environment. Despite all of our efforts, we have been unable to obtain necessary financing to continue operating as an independent business.

Why is stage going out of business?

“The increasingly challenging market environment was exacerbated by the covid-19 pandemic, which required us to temporarily close all of our stores and furlough the vast majority of our associates,” Michael Glazer, the company’s chief executive, said in a statement.

Is stage in Natchitoches closing?

Stage, a local retailer located on South Drive in Natchitoches, has announced its upcoming closure. Stage has announced the location will be converted to a Gordmans off-price retailer in 2020. “The majority of the Stage nameplates will convert to Gordmans beginning in early 2020.