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
Sector
Industry (SIC)
Former names
Apparel Retailers Inc
SEC CIK
Corporate docs
IRS number
911826900
SSINQ stock data
()
Calendar
12 Dec 19
17 Apr 21
1 Feb 22
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 0 |
Total shares | 1 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Huntington National Bank | 1 | $0 |
Financial report summary
?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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Legalese | ||
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Readability |
H.S. sophomore Avg
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New words:
actuarial, airplane, Amazon, announced, bring, bringing, broad, comprehensive, Counter, customary, discontinuance, discontinue, document, domain, eliminating, embedded, faster, formatted, fun, global, Hub, hunt, incentive, industry, Inline, instance, Interactive, land, launched, leaseback, nameplate, national, offering, opportunity, pick, pivot, population, range, scarcity, shopping, situation, slowdown, space, sustained, treasure, turnover, uncertain, world, XBRL
Removed:
advertising, Circle, emphasizing, exiting, expanded, impacted, operate, specialty, Style
Financial reports
10-Q
2019 Q3
Quarterly report
12 Dec 19
10-Q
2019 Q2
Quarterly report
12 Sep 19
10-Q
2019 Q1
Quarterly report
13 Jun 19
10-K
2018 FY
Annual report
5 Apr 19
10-Q
2018 Q3
Quarterly report
12 Dec 18
10-Q
2018 Q2
Quarterly report
12 Sep 18
10-Q
2018 Q1
Quarterly report
13 Jun 18
10-K/A
2018 FY
Annual report (amended)
25 May 18
10-K
2017 FY
Annual report
9 Apr 18
10-Q/A
2018 Q3
Quarterly report (amended)
25 Jan 18
Current reports
8-K
Bankruptcy or Receivership
12 May 20
8-K
Other Events
30 Apr 20
8-K
Entry into a Material Definitive Agreement
13 Apr 20
8-K
Stage Stores Provides COVID-19 Business Update
31 Mar 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
18 Mar 20
8-K
Regulation FD Disclosure
13 Jan 20
8-K
Stage Stores Reports 1.4% Comparable Sales Increase for Holiday Period, Revises Annual Guidance
13 Jan 20
8-K
Stage Stores Announces Participation in the 22nd Annual ICR Conference
30 Dec 19
8-K
Regulation FD Disclosure
22 Nov 19
8-K
Stage Stores Reports 17.4% Comparable Sales Increase for the Third Quarter, Raises Fiscal 2019 Guidance
21 Nov 19
Registration and prospectus
25-NSE
Exchange delisting
27 May 20
S-8
Registration of securities for employees
6 Jun 19
S-8 POS
Registration of securities for employees (post-effective amendment)
25 May 18
S-8 POS
Registration of securities for employees (post-effective amendment)
25 May 18
S-8
Registration of securities for employees
18 May 17
S-8
Registration of securities for employees
7 Jun 16
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 16
S-8 POS
Registration of securities for employees (post-effective amendment)
28 May 13
S-8
Registration of securities for employees
4 Aug 11
S-8
Registration of securities for employees
1 Oct 09
Proxies
DEFA14A
Additional proxy soliciting materials
25 Apr 19
DEF 14A
Definitive proxy
25 Apr 19
DEFA14A
Additional proxy soliciting materials
26 Apr 18
DEF 14A
Definitive proxy
26 Apr 18
DEF 14A
Definitive proxy
20 Apr 17
DEFA14A
Additional proxy soliciting materials
20 Apr 17
DEF 14A
Definitive proxy
21 Apr 16
DEFA14A
Additional proxy soliciting materials
21 Apr 16
PRE 14A
Preliminary proxy
4 Apr 16
DEF 14A
Definitive proxy
30 Apr 15
Other
CT ORDER
Confidential treatment order
4 Feb 18
CT ORDER
Confidential treatment order
23 Jun 16
CT ORDER
Confidential treatment order
25 Sep 14
CT ORDER
Confidential treatment order
26 Jun 14
CT ORDER
Confidential treatment order
21 Apr 13
CT ORDER
Confidential treatment order
12 Mar 13
UPLOAD
Letter from SEC
19 Feb 13
CORRESP
Correspondence with SEC
12 Feb 13
UPLOAD
Letter from SEC
29 Jan 13
CT ORDER
Confidential treatment order
27 Dec 11
Ownership
SC 13G/A
STAGE STORES / AXAR CAPITAL MANAGEMENT ownership change
10 Jun 20
4
STAGE STORES / JASON TRAVIS CURTIS ownership change
22 May 20
SC 13G
STAGE STORES / AXAR CAPITAL MANAGEMENT ownership change
13 May 20
4
STAGE STORES / Steven R Williams Jr ownership change
11 May 20
4
STAGE STORES / MICHAEL L GLAZER ownership change
11 May 20
4
STAGE STORES / MICHAEL L GLAZER ownership change
27 Apr 20
4
STAGE STORES / Steven R Williams Jr ownership change
27 Apr 20
4
STAGE STORES / MICHAEL L GLAZER ownership change
14 Apr 20
4
STAGE STORES / Steven R Williams Jr ownership change
14 Apr 20
4
STAGE STORES / AMY B GRAY ownership change
13 Apr 20