Bealls Inc. has bought the intellectual property and other assets of the bankrupt retailer $7 million. The deal includes the trademarks and trade name of Stage Stores’ various banners, which include Goody’s, Gordmans, Palais Royal, Peebles — and Bealls.
Who bought out stage?
Bealls Inc. bought Stage Stores’ intellectual property, including the trade name of Stage’s Bealls banner, as well as fee rights to a distribution center for some $7 million.
Is Gordmans going out of business in Wichita KS?
Two Gordmans stores located in east and Wichita will soon close their doors. The store located near 21st & Rock Road will close May 30. No official closing date was given for the store located near Central and Ridge.
Is Gordmans in Des Moines open?
“As a result of our latest review, we have made the difficult decision to close the Gordmans in South Des Moines, and East Des Moines in the near future.” The Gordmans in West Des Moines near Valley West Mall will remain open.
Why did Stage Stores closing?
Then the coronavirus found its way to the U.S. In March, Stage Stores had to close its locations along with much of the retail world. All of its troubles to win financing and grow sales were exacerbated by the COVID-19 crisis.
Why is Stage Stores closing?
US off-price department store operator Stage Stores is to wind down its business after failing to find a buyer. The move to liquidate the company and shutter all 720 stores has been approved by a Texas bankruptcy court, and completes plans announced in May when the retailer filed for Chapter 11 bankruptcy protection.
Is Gordmans in Ashwaubenon closing?
Ashwaubenon’s Gordmans store is closing its doors. Gordmans parent company Stage Stores tells Action 2 News they’ve made the “difficult decision” to close the store, located at 2351 Holmgren Way, in the near future.
What store is taking over Peebles?
In the summer of 2019, Stage Stores SSI 0.0% , Peebles’ parent company, decided to switch all of its retail locations to a new format with a new name. Each store held its own closing sale in preparation for the changeover to the Gordmans brand, an off-price concept with strong growth potential.
What is Peebles famous for?
About Peebles. Nestled amongst the rolling Border hills in an area of outstanding natural beauty, the gorgeous Borders town of Peebles straddles the glorious River Tweed – world renowned for its salmon fishing.
Who is buying Stage Stores?
Bealls Inc has acquired the intellectual property of Stage Stores with a US$7m bid that also covers the off-price department store operator’s Texas distribution centre.
Is there a gordmans in Iowa?
The only store not slated to close in the state, according to their website, is the location in West Des Moines. Gordmans declared bankruptcy in March of 2017 and announced the closure of all of its stores, including locations in Waterloo, Cedar Rapids, Coralville, Davenport, Des Moines, and Sioux City.
Can I still use my Stage gift card?
Gift card is valid at the Stage family of stores: Stage, Bealls, Goody’s, Palais Royal, Peebles, and stagestores.com.
Why is Bealls closing?
Company President and CEO Michael Glazer pointed to “the increasingly challenging market environment” and the effects of the coronavirus pandemic, which forced the temporary closure of all the company’s stores and furlough of employees.
Is gordmans in Omaha still open?
Gordmans stores in Omaha closed in 2017 after declaring bankruptcy. In 2018, Stage Stores of Texas purchased Gordmans and the stores re-opened. No date is set yet for the closure. Copyright 2020 Scripps Media, Inc.
Is gordmans open in Omaha?
The Council Bluffs Gordmans will remain open, making it the only location in the Council Bluffs-Omaha area after it was announced the last Omaha store will close in the near future.
What happens to gift certificates when a business closes?
When a Store Closes In some cases, your gift cards won’t be usable at all. This all depends on the store and the reason it is closing. When companies file for bankruptcy, they can only continue accepting gift cards if they ask the bankruptcy court for permission and the court authorizes it.