Why Is Bealls Closing?

What is Bealls changing to?

Store converting to Gordmans by 2020..

Is stage Bealls going out of business?

The retail community knew there would be retail fall-out from Covid-19. Retail stores have been suffering, and Stage Stores has filed Chapter 11, closing all its stores. … Stage operated stores under various names, including Goody’s, Bealls, and Palais Royal.

Is Bealls in Florida going out of business?

Iconic Florida retailer Bealls has announced that it will temporarily close its stores. “Out of an abundance of caution we have decided to temporarily close all of our stores,” CEO Matt Beall said in a statement.

Did Bealls get bought out?

Stage Stores was formed in 1988 when managers of Palais Royal and several venture capital firms acquired Bealls and Palais Royal, which date from the 1920s. It bought Peebles Inc. in 2003, and added the Goody’s name in 2009 from Goody’s Family Clothing Inc. through a bankruptcy auction.

Is Bealls closing in Amarillo?

The retail chain is merely re-branding its stores from Bealls to Gordmans, according to officials at the stores’ parent company, Stage Stores Inc. … “The Amarillo Bealls stores are planned to close in the days leading up to the Gordmans grand opening in 2020,” Moralez said.

Why is Bealls closing down?

In March, Stage announced it was closing all of its 15 Bealls outlets in the Valley with the exception of the Port Isabel location. … Like all departments stores, the Stage brands have been shut down across the country due to coronavirus, and it anticipates reopening its 700 stores in phases beginning Friday.

Why is Stage Stores closing?

“The increasingly challenging market environment was exacerbated by the covid-19 pandemic, which required us to temporarily close all of our stores and furlough the vast majority of our associates,” Michael Glazer, the company’s chief executive, said in a statement.

What store is replacing Bealls?

Gordmans grandGraham said the Bealls store is planned to close in the days leading up to the Gordmans grand opening in the spring of 2020. The conversion from Bealls to Gordmans takes less than two weeks, she said.

Who bought stage out?

Axar Capital Management LP owns 14.87 percent of the company’s equity, and Glazer owns 6.41 percent. Stage Stores plans to seek approval for a cash collateral to ensure it has the cash flow to support operations in Chapter 11.

Who owns Bealls store?

Bealls Outlet is a privately held company, rich in tradition, owned by the founding family and its employees. Beall’s, Inc. is the parent company of Bealls Outlet Stores, Inc. The corporation operates over 500 retail stores.

Did Stage Stores find a buyer?

Stage Stores, Inc. Specialty Retailers, Inc. On May 11, 2020, Stage Stores announced it had filed for Chapter 11 bankruptcy after failing to find a buyer for the chain. …

How is Bealls pronounced?

It’s more complicated than that and gets tied up in moving Gaelic names to English, but that’s the gist. Usually to get the pronunciation “beel” requires an “e” at the end, as in Beale Street in Memphis. Pronunciation: Beall is and always has been pronounced “bell” as in ringing.

What is the difference between Bealls and Bealls Florida?

Bealls is the name of three unrelated American retail chains: Bealls (Florida), based in Florida, also known as Burkes Outlet in some areas, where they might be confused with Bealls (Texas) Bealls (Texas), also owned by Stage Stores Inc.