Stage Stores
Regional inexpensive department stores struggle to compete with national behemoths such as Walmart, Target, and Kohl’s. Stage Stores, which owns Gordmans off-price stores as well as a bevy of other regional names like Bealls, Goody’s, and Peebles, is the most recent retailer to observe this. On May 10, the company declared bankruptcy and stated that all of its outlets will be permanently closed. Following a dismal holiday season in 2019, Stage Stores was attempting to get back on track financially – until COVID-19 forced the company to close for several weeks.
Stage Stores
Dressbarn
In May, Ascena Retail Group announced that all Dressbarn sites would close by the end of 2019 in order to focus on its more successful brands, such as Ann Taylor, Loft, and Lane Bryant. Ascena sold Maurice’s brand to a private equity business earlier this year.
Dressbarn
