Thursday, February 27, 2020

Stage Stores cuts staff, closes dozens of stores

Retail Dive
Dozens of locations under the Gordmans banner, which the retailer has staked its future on, are closing as the company tries to rein in its finances.

The department store chain, which is undergoing a rapid transformation to off-price via its Gordmans banner, sent an email Monday marking 60 existing Gordmans stores for closure as well as 10 department stores that were slated to become Gordmans stores, according to a person who viewed the email. Those are on top of 40 stores the company marked for closure last fall.. . . more