Stage Stores
Regional discount department stores find it difficult to compete with national behemoths like Walmart, Target, and Kohl. The latest retailer to notice this is Stage Stores, which owns Gordmans off-price stores and a slew of other regional brands like Bealls, Goody’s, and Peebles. The company filed for bankruptcy on May 10 and announced that all of its locations would close permanently. After a disappointing holiday season in 2019, Stage Stores was trying to get back on track financially — but then came COVID-19, which forced the company to close for several weeks.
Stage Stores
Dressbarn
Ascena Retail Group announced in May that all Dressbarn locations would close by the end of 2019 to focus on its more successful brands like Ann Taylor, Loft, and Lane Bryant. Earlier this year, Ascena sold Maurice’s brand to a private equity firm.
Dressbarn
