Joint venture partners Gordon Brothers and Hilco Merchant Resources commenced going-out-of-business sales at 720 Stage Stores locations, including Gordmans and all associated brand stores across the United States.
Stage Stores filed for Chapter 11 bankruptcy protection in May in order to explore recapitalization options as part of a larger restructuring strategy. The challenging pre-existing market conditions were exacerbated by the COVID-19 pandemic and prevented the retailer from obtaining the required financing to continue operating stores outside of bankruptcy.
While the company continues to follow a dual path, going-out-of-business sales have now commenced across all Gordmans and Stage stores as well as Bealls, Goody’s, Palais Royal and Peebles stores.
The sales include storewide discounts of up to 60% off original ticketed prices, including new merchandise arrivals.
“Customers can shop confidently, as stores have implemented protocols to ensure a safe “easy in, easy out” shopping environment. We encourage customers to take advantage of significant discounts and shop early for the best selection. Store teams remain committed to providing customers with the same great experience, while offering even better deals and value,” A spokesperson from Gordon Brothers and Hilco Merchant Resources, said.
