Why is Bealls closing?
In March, Stage announced it was closing all of its 15 Bealls outlets in the Valley with the exception of the Port Isabel location.
Like all departments stores, the Stage brands have been shut down across the country due to coronavirus, and it anticipates reopening its 700 stores in phases beginning Friday..
Does Stage Stores own Bealls?
Stage Stores’ history. 1920s — Palais Royal and Bealls are founded as Family Owned Businesses. 1988 — Three Bealls Brothers merged with Palais Royal to form Specialty Retailers Inc. … 1996 — The company went public under the name of Stage Stores, Inc.
Why is gordmans closing?
03.27. Today we announced taking action in response to increasingly challenging market conditions and the impact of the COVID-19 pandemic. Most important to our customers is the temporary closing all 738 of its stores at 6 p.m. local time today.
Does Stage Stores have a buyer?
With the company unable to find a buyer, Stage Store liquidation sales are underway. The liquidation includes the Gordmans, Bealls, Palais Royal, Peebles, Stage, and Goody’s banners.
Who bought out Bealls?
Bealls, the flagship store at the Plaza Shopping Center at Crockett Road and South Loop 256, has announced its closing, and will reopen as Gordman’s in 2020. Bealls, a fixture of the local economy for more than 40 years, is closing – sort of.
Did Bealls get bought out?
Stage Stores was formed in 1988 when managers of Palais Royal and several venture capital firms acquired Bealls and Palais Royal, which date from the 1920s. It bought Peebles Inc. in 2003, and added the Goody’s name in 2009 from Goody’s Family Clothing Inc. through a bankruptcy auction.
Is stage Bealls going out of business?
Retail stores have been suffering, and Stage Stores has filed Chapter 11, closing all its stores. … Stage operated stores under various names, including Goody’s, Bealls, and Palais Royal. However, you would not find these stores in major metro markets across the country.
Is Bealls closing in Texas?
The Stage Store Inc. … Stage Stores Inc., its Houston-based parent company, is moving forward on its plans to convert Bealls department stores in Texas to Gordmans’ off-price stores. The switch will take place in 2020. The store will close for about 2 weeks while the conversion takes place.
Who owns Bealls Florida?
Founded in 1915, Bealls includes over 500 stores and BeallsFlorida.com. Bealls is the destination of choice for casual lifestyle and priced-right apparel and home merchandise. Bealls Stores and BeallsFlorida.com, are owned and operated by Beall’s Stores, Inc. and Beall’s Westgate Corporation.
Are Bealls and Bealls Outlet the same company?
Bealls Outlet is a privately held company, rich in tradition, owned by the founding family and its employees. Beall’s, Inc. is the parent company of Bealls Outlet Stores, Inc.