STAGE STORES INC. overview

Stage Stores, Inc. (NYSE: SSI) (“Stage” or the “Company”) today announced that the Company has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The Company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The Company will terminate the wind-down of operations at certain locations if it receives a...

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Stage Stores, Inc. (NYSE: SSI) (“Stage” or the “Company”) today announced a series of steps the Company is taking to reduce costs and preserve liquidity in response to increasingly challenging market conditions and the impact of the COVID-19 pandemic. These steps include: Temporarily closing all 738 of its stores at 6 p.m. local time today. Prior to today’s closings, the Company had approximately 393 stores closed in compliance with state and local regulations. The Company’s stores...

Stage Stores, Inc. (NYSE: SSI) announced today that it received notification from the New York Stock Exchange (“NYSE”) on March 12, 2020 that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The NYSE notification does not affect Stage Stores’ business operations or its Securities and Exchange Commission reporting requirements,...

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