Houston—Stung by fallout from the weak oil and gas markets, Stage Stores Inc. reported today worse-than-expected third quarter results. For the three months ended Oct. 31, the parent to Peebles, Bealls, Goody’s etc. posted a loss of $10.2 million, or 32 cents a share, down from a loss of $5.3 …
Stage Stores Q4 Profit Beats, Sales Rise
Houston—Stage Stores Inc. today posted a fourth quarter net income increase that beat expectations while the department stores sales increase missed expectations. For the fourth quarter, Stage had net income rose of $43.72 million, or $1.36 a share, compared with the prior year’s $24.86 million, or 78 cents a share. …
Stage Stores Posts 6.5% Rise in Holiday Comp Sales
Houston–Stage Stores reported comparable sales up 6.5% for the holiday months of November and December. “We are very pleased with our holiday sales and margin performance,” said CEO Michael Glazer in a statement. “Footwear, women’s and cosmetics categories were especially strong. Our customers responded well to our holiday assortments, marketing, …
Stage Stores Narrows Q3 Loss
Houston—Stage Stores narrowed its third quarter loss from continuing operations to $5.1 million (17 cents a share share, 16 cents adjusted for discontinued operations) from last year’s adjusted loss of $7 million (22 cents a share). That beat analysts’ predictions of a 20 cent a share loss. Sales of $364 …
Stage Stores to Sell Steele’s as Q4 Profit, Sales Decline
Houston—Shares of Stage Stores Inc. today rose in early trading after the department store company posted better-than-expected fourth quarter earnings, adding it plans to sell its Steele’s off-price division. Stage reported that the deal (for an undisclosed sum) to purchase Steele’s was reached with Hilco Global Group and expects the …
Week in Review: Top Must-Read Articles
New York—It wasn’t as frigid this week as last, but many retailers probably felt a chill. Citing reasons such as light traffic, heavy promotions, winter storms etc., a spate of retailers lowered their forecasts, saying fourth quarter or full year earnings would be affected. Sears Holdings, for example, reported some …
Post Holiday Blues: Bon-Ton, Stage Stores, Lululemon, Express Lower Forecasts
●Bon-Ton Stores said Friday that bad weather conditions in many of its selling areas hurt its December comparable stores sales and as a result the department store retailer cut its earnings forecast. “We are disappointed with the deceleration in sales during December, particularly given the strong start to the holiday …
Stage Stores Q3 Loss Widens, Comp Sales Down
Houston—Stage Stores Inc. lowered its forecast for the year on Thursday as the retailer reported a widened three quarter loss and comparable store sales drop. For the quarter ended Nov. 2, the parent of Bealls, Goody’s and Palais Royal retail brands posted a net loss of $11 million, or 34 …
Thanksgiving, a Lesson in Black Friday Creep
Minneapolis—Thanksgiving is getting greyer by the day. Now referred to as “Grey Thursday” ahead of Black Friday, Thanksgiving will be a busy for retailers both online and in-store. In the latest announcement, Target Corp. said today it would be opening on Nov. 28 at 8 p.m., similar to Macy’s, JCPenney, …
Week in Review: News to Remember
New York—It’s the height of earnings season, when retailers both small and large report their sales and profits for the last quarter. But save for TJX and Gap Inc., most have been disappointing so far. Some, such as those from JCPenney and Sears, bring to question the strategies, marketing and …
Stage Stores Q2 Profit Falls on Sales Miss
Houston—Reporting that its second quarter earnings dropped 18%, Stage Stores Inc. today lowered its full year profit. For the quarter ended August 3, the owner of regional department stores under Bealls, Goody’s, Peebles and other names posted net earnings of $9.6 million, or 29 cents a share, compared with earnings …
Stage Stores Swing into Wider Q1 Loss on Costs, Slowed Sales
Houston—Blaming cooler weather that hindered consumers from shopping for spring merchandise in March and April, Stage Stores Inc. today reported it swung into a wider first quarter loss. For the quarter ended May 4, the parent to Bealls, Goody’s, Palais Royal, Peebles, Stage and Steele’s posted a net loss of …
Stage Stores’ Glowing Q4 Report: “2012 A Phenomenal Year”
Houston—Stage Stores Inc. today posted a 9% increase in its fourth quarter profit thanks to higher sales and margins. And the department store company’s 2012 sales hit a new record. Nonetheless, the department store company’s earnings per share and sales missed analysts’ expectations. For the quarter ended Feb. 2, Stage …
Stage Stores Merges Operations to Houston, Eliminates 180 Jobs
Houston–Stage Stores Inc. said Monday it will consolidate its regional operations now located in South Hill, Va., into its Houston corporate headquarters—eliminating 180 jobs in Virginia, but adding 75 in Houston. This consolidation into the Houston market is expected to “increase efficiency, create synergies, reduce expenses and enhance growth,” the …
January Comp Sales Rise, Easily Beating Forecasts
New York—Whether it was the U.S. Congress finally averting the so-called fiscal cliff in early January, a spate of Arctic cold that struck much of the nation, or a stock market headed back to new heights, January retail sales turned out to be better than expected. Of the 18 or …
Accessories Magazine’s 2013 Merchants Hall of Fame Inductees
Features
New York—Accessories Magazine is proud to announce the 3rd round of inductees into its annual Merchants Hall of Fame. The recipients were selected by the vendor and retailing community for their exceptional retailing expertise and business/fashion acumen. Each received a full-page profile in Merchants Hall of Fame section in the …
Good Tidings: December Comp Sales Better Than Expected
New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …
Stage Stores Q3 Loss Narrows on Strong Sales Gain
Houston–Stage Stores has lifted its full-year outlook after its third-quarter net loss narrowed on the back of higher sales. For the quarter ended Oct. 27, the parent to Bealls, Goody’s and Palais Royal posted Thursday a net loss of $8.9 million, or 28 cents a share, compared to $11.3 million, …
September Retail Comp Sales: Solid, not Stellar
New York–With their back-to-school sales in their final month, and gearing up for fall and holiday merchandise, retailers reported today that their September comparable sales were solid, but not stellar. Retail analysts take a close look at comparable store sales, or comp sales, as a key retail performance metric to …
Stage Stores Raises Outlook on Strong Q2 Report
Houston–Stage Stores reported Thursday a second quarter profit and sales that beat analysts’ estimates. The company, whose stores operate in small and mid-sized markets, raised its full year outlook as a result. For the quarter ended July 28, Stage net income increased 28% to $11.66 million, or 37 cents a …
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