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SSINQ Stage Stores

Stage Stores Inc. and its subsidiary (“we,” “us” or “our”) is a retailer, which operates specialty department stores and off-price stores. We offer our customers, referred to as “guests,” trend-right, moderately priced, name-brand apparel, accessories, cosmetics, footwear and home goods. As of February 2, 2019, we operated in 42 states through 727 department stores under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and 68 GORDMANS off-price stores. We also operate an e-commerce website for our department store business. Our department stores are predominantly located in small towns and rural communities. Our off-price stores are predominantly located in mid-sized, non-rural Midwest markets.

Company profile

Ticker
SSINQ
Exchange
Website
CEO
Michael L. Glazer
Employees
Incorporated
Location
Fiscal year end
Former names
Apparel Retailers Inc
SEC CIK
IRS number
911826900

SSINQ stock data

(
)

Calendar

12 Dec 19
17 Apr 21
1 Feb 22
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 May 20 Steven R Williams Jr Common Stock Grant Aquire A No No 0.4669 1,377 642.92 62,409
8 May 20 Michael L Glazer Common Stock Grant Aquire A No No 0.4669 6,504 3.04K 2,663,203
24 Apr 20 Michael L Glazer Common Stock Grant Aquire A No No 0.3852 7,848 3.02K 2,656,699
24 Apr 20 Steven R Williams Jr Common Stock Grant Aquire A No No 0.3852 1,661 639.82 61,032

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 5 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions
Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

Financial report summary

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Risks
  • We face significant competition from other retailers, which may adversely affect our sales and profitability
  • If we are unable to successfully execute our strategies, our operating performance may be significantly impacted.
  • Our failure to anticipate and respond to changing guest preferences in a timely manner may adversely affect our operations.
  • Failure to successfully grow our Gordmans off-price business as planned may adversely affect our results of operations and financial condition.
  • Our failure to attract, develop and retain qualified employees may negatively impact the results of our operations.
  • Risks associated with our vendors from whom our products are sourced may have a material adverse effect on our business and financial condition.
  • Risks associated with our carriers, shippers and other providers of merchandise transportation services may have a material adverse effect on our business and financial condition.
  • Failure to obtain merchandise product on normal trade terms may adversely impact our business, financial condition and cash flows.
  • There can be no assurance that our liquidity will not be affected by changes in macroeconomic conditions.
  • The Credit Facility contains covenants that may impose operating restrictions and limits our borrowing capacity to the value of certain of our assets.
  • The inability or unwillingness of one or more lenders to fund their commitment under the Credit Facility may have a material adverse impact on our business and financial condition.
  • Our dependence upon cash flows and net earnings generated during the fourth quarter, including the holiday season, may have a disproportionate impact on our results of operations.
  • Changes in our private label credit card program may adversely affect our sales and/or profitability.
  • Unexpected costs may arise from our current insurance program and our financial performance may be affected.
  • An economic downturn or decline in consumer confidence may negatively impact our business and financial condition
  • We are subject to payment-related risks that may increase our operating costs, expose us to fraud or theft, subject us to potential liability and potentially disrupt our business.
  • Unusual weather patterns or natural disasters may negatively impact our financial condition.
  • An event adversely affecting any of our buying, distribution or other corporate facilities may result in reduced revenues
  • War, acts of terrorism, Mexican border violence, public health issues and natural disasters may create uncertainty and may result in reduced revenues
  • The price of our common stock as traded on the New York Stock Exchange may be volatile.
  • If we cannot meet the NYSE’s continued listing requirements, the NYSE may delist our common stock.
  • Changes in the regulatory or administrative landscape could adversely affect our financial condition and results of operations.
  • Our business may be materially and adversely affected by changes to fiscal and tax policies.
  • We may be subject to periodic litigation and regulatory proceedings which may adversely affect our business and financial performance.
  • If our trademarks are successfully challenged, the outcome of those disputes may require us to abandon one or more of our trademarks
  • A disruption of our information technology systems may have a material adverse impact on our business and financial condition.
  • A security breach that results in unauthorized disclosure of guest, employee, vendor or our company information may adversely impact our business, reputation and financial condition.
Management Discussion
  • Our 2019 strategy is to grow our off-price stores, emphasize trending merchandise such as home goods, drive sales through pre-conversion promotions associated with our transition to off-price, and exit underperforming department stores. These initiatives, along with the strong performances of our home and women’s categories, contributed to the 17.4% increase in comparable sales for the third quarter 2019. Based on the sales trend for the year-to-date 2019, we expect to generate positive comparable sales for the fourth quarter.
  • In October 2019, we launched Amazon Hub Counter (“Counter”) pick-up points in our off-price and department stores. With Counter, Amazon shoppers have the option to pick up their Amazon packages at our stores. Counter is currently available over 700 of our stores. While it is still too early to determine the impact of the program on our sales, we expect Counter to bring in additional traffic to our stores.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: advertising, Circle, emphasizing, exiting, expanded, impacted, operate, specialty, Style