Stage Stores, Inc. engages in the management of retail shops and department stores. It offers private label apparel, accessories, cosmetics and shoes. The firm operates under the following brand names: Bealls, Goody's, Palais Royal, Peebles, and Stage. The company was founded in 1988 and is headquartered in Houston, TX.
Our strategy is centered on growing our off-price stores, emphasizing merchandise categories that are trending to drive sales in both our off-price and department stores, and exiting underperforming department stores. Sales early in the first quarter 2019 were negatively impacted by expected disruptions related to the rollout of our strategic initiatives, which included temporary store closures associated with the conversion of 37 department stores to off-price and the home department expansion in our department stores. Sales benefited later in the quarter as these initiatives began to take hold. We expect these initiatives to positively impact our sales going forward and to contribute to positive comparable sales for the year.