Page 6 - Stage Stores News Today

If you’re seeing increasingly more darkening storefronts and empty stores at shopping centers and malls, you’re not the only one. The retail apocalypse continues to ravage the U.S. economic landscape and the staggering number of closed stores illustrates the severity of the hurricane blowing through the sector over the past few years. However, since the burst of the sanitary outbreak, the industry’s downfall seems to have been greatly accelerated, and now major US retail chains and shoppi...

By ABHA BHATTARAI | The Washington Post | Published: April 16, 2021 Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See more staff and wire stories here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. Adrienne Whyte used to go to the mall twice a week, where she might meet up with her personal shoppers at Neiman Marcus and Saks Fifth Avenue or scour Macys for bedding and kitchenware. But its be...

Struggling mall department stores have been pushed to the edge of extinction during pandemic Nearly 200 department stores have disappeared in the past year alone, and another 800 are expected to close by the end of 2025. Construction at the former Collin Creek Mall in Plano last month. The J.C. Penney store was the last to close at the mall, which is being turned into a mixed-use project.(Jason Janik / Special Contributor) Adrienne Whyte used to go to the mall twice a week, where she might meet...

Operator Good day, everyone, and welcome to the Estee Lauder Companies fiscal 2021 second-quarter conference call. Todays call is being recorded and webcast. For opening remarks and introductions, I would like to turn the call over to the senior vice president of investor relations, Ms. Rainey Mancini. Rainey Mancini -- Senior Vice President of Investor Relations Hello. On todays call are Fabrizio Freda, president and chief executive officer; and Tracey Travis, executive vice president and chi...

Department store chain Belk to file for Chapter 11 bankruptcy, private equity firm Sycamore to retain control CNBC 1/26/2021 Lauren Thomas The department store chain Belk announced it plans to file for Chapter 11 bankruptcy, marking the latest mall-based retailer to do so during the Covid pandemic. Private equity firm Sycamore is set to retain majority control of Belk as part of the restructuring agreement, the company said. Belk said it expects to emerge from bankruptcy by th...

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell bran...

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. VF Corp has reported a net loss of US$285.6m, while Francescas has seen a 50% drop in net sales. Elsewhere, Macys, Inc said its net loss totalled $3.58bn and PVH Corp has posted an "unprecedented" decline in revenue and earnings.> Debenhams, Brooks Brothers, and J.Crew Group are among the latest app...

The coronavirus pandemic created severe difficulties for many businesses. From government-mandated shutdowns to customers staying home to limit the spread of the virus, 2020 was not an easy year for sales. Even some of the most well-known retail giants were not immune to plunging revenue. Idaho Falls saw several brand name store closures. Yet many local stores survived, despite massive numbers of closures within their company nationwide. Companies with local stores that significantly downsized ...

A look back at 2020: Part Two By Martin Graham - mgraham@recordherald.com In this Record-Herald file photo that ran May 20, Fayette County had experienced a large storm which caused many areas to flood including Christman Park where several geese can be seen swimming or relaxing in the grass. Record-Herald file photo As this challenging and difficult year finally comes to a close, the Record-Herald is taking time to reflect on 2020’s biggest local stories. The following is the second of a f...

With delivery deadlines past, last-minute shoppers head to malls FacebookTwitterEmail 1of12 Last minute shoppers look for Christmas gifts at Memorial City Mall Wednesday, Dec. 23, 2020, in Houston.Steve Gonzales, Houston Chronicle / Staff photographerShow MoreShow Less 2of12 Susi Quintana and her daughter, Randi, 11, compete in a family scavenger hunt before doing their last minute Christmas shopping at Memorial City Mall Wednesday, Dec. 23, 2020, in Houston.Steve Gonzales, Houston Chronicle / ...