Inactive Instrument

Stage Stores, Inc.

Equities

SSINQ

US85254C3051

Stage Stores, Inc. Announces Executive Changes; Reopens Stores

May 10, 2020 at 09:53 pm EDT

Stage Stores, Inc. disclosed that Jason Curtis, Executive Vice President and Chief Financial Officer, is leaving the Company to pursue a career with another retailer, effective May 22, 2020. Mr. Glazer will oversee the finance function, and to support him, the Company retained Rick Stasyszen, who previously served as the Company's Senior Vice President, Finance and Controller until 2019.

The health and safety of its associates and guests remains Stage Stores' top priority as it takes a phased approach to reopening its stores in the coming weeks to commence the liquidation of its inventory. The company currently anticipates that the first phase of approximately 557 stores will open on May 15, 2020, the second phase of approximately 67 stores is expected to open on May 28, 2020 and the balance of the chain is expected to open on June 4, 2020.

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Company Profile

Stage Stores, Inc. is a retailer, which operates specialty department stores and off-price stores. The Company offers apparel, accessories, cosmetics, footwear and home goods. The Company operates in over 42 states through approximately 727 department stores under the BEALLS, GOODY'S, PALAIS ROYAL, PEEBLES and STAGE nameplates and approximately 68 GORDMANS off-price stores. It also operates an electronic commerce Website for its department store business. The Company's department stores are located in small towns and rural communities. Its off-price stores are located in mid-sized, non-rural Midwest markets. The Company contracts with third-party carriers to deliver merchandise to its stores and customers in the fulfillment of online orders. It enables customers to pick up an online order in a local store through its buy online, ship-to-store program.

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