Quick Answer: Is Bealls Department Store Going Out Of Business?

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..

How is Bealls pronounced?

It’s more complicated than that and gets tied up in moving Gaelic names to English, but that’s the gist. Usually to get the pronunciation “beel” requires an “e” at the end, as in Beale Street in Memphis. Pronunciation: Beall is and always has been pronounced “bell” as in ringing.

Is Bealls and stage the same?

Stage Stores, Inc. Specialty Retailers, Inc. … Historically, Stage Stores operated full-price retail outlets under the Bealls, Palais Royal, Peebles, Stage, and Goody’s nameplates before transitioning away from that business model and toward an off-price positioning in 2019 and 2020.

Does Stage Stores have a buyer?

Stage Stores is providing financial details to potential bidders including eight who say they will keep open 200 to 500 locations operated by the retail chain.

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.

Are all Bealls Department Stores 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.

What is Bealls turning into?

A new apparel and home decor retailer, Gordmans, is open in Burkburnett. … 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.

How do you find stores that are going out of business?

8 Sites to Find Closeout Stores and Going Out of Business SalesQuicklotz. Quicklotz specializes in liquidation sales and liquidation goods. … Direct Liquidation. Sometimes, a major retailer in your area will shut down its local store. … Department Store Liquidations. … Source. … Liquidation.com. … TopTenWholesale. … Discount Wholesalers. … Bstock.More items…

Is Bealls Florida A Stage store?

Bealls (Florida), based in Florida, also known as Burkes Outlet in some areas, where they might be confused with Bealls (Texas) Bealls (Texas), also owned by Stage Stores Inc. … Beall-Ladymon, sometimes also called Bealls, a department store chain based in Louisiana and purchased by Stage Stores in 1994.

Who bought out stage?

Axar Capital Management LP owns 14.87 percent of the company’s equity, and Glazer owns 6.41 percent. Stage Stores plans to seek approval for a cash collateral to ensure it has the cash flow to support operations in Chapter 11.

What is Stage store changing to?

Stage Stores plans to transition entirely to its off-price Gordmans banner and exit department stores by the third quarter of fiscal 2020, the retailer said. Under the plan, the company aims to close 40 stores next year and convert its remaining department stores to Gordmans.

Is stage Bealls going out of business?

Stage Stores Inc. said it has filed for bankruptcy, with a plan to start liquidating its inventory as the discount retailer reopens its stores, while at the same time searching for prospective buyers.

Who owns Bealls Florida?

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. The corporation operates over 500 retail stores.

What store is replacing Bealls?

Gordmans grandGraham said the Bealls store is planned to close in the days leading up to the Gordmans grand opening in the spring of 2020. The conversion from Bealls to Gordmans takes less than two weeks, she said.

Is gordmans going out of business 2020?

As of Monday, June 15, 2020 all Stage and Gordmans stores that were temporarily closed due to COVID-19 are NOW OPEN! Our Store Operations team continues to implement best methods to ensure our stores offer an easy-in, easy-out store experience that’s clean and comfortable.

Are Bealls stores closing in Texas?

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.

Who bought out Bealls stores?

Bealls Dept. Store converting to Gordmans by 2020By Shelli Parker sparker@athensreview.com…

Why is stage closing?

As Retail Dive reported previously, Stage Stores began quietly laying off employees and closing stores in February as it worked through a liquidity crisis and negotiations with potential lenders and investors.

Are Stage Stores closing?

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.