| | Business Summary | | Stage
Stores,
Inc.
operates
retail
stores
offering
moderately
priced,
nationally
recognized
brand
name
apparel,
accessories,
cosmetics
and
footwear
for
the
entire
family
in
small
towns
and
communities
located
primarily
throughout
the
south
central
United
States.
As
of
February
3,
2001,
the
Company,
through
its
wholly
owned
subsidiary,
Specialty
Retailers,
Inc.
(SRI),
operated
348
stores,
excluding
108
stores
which
were
in
the
process
of
being
closed,
located
in
14
states
throughout
the
United
States.
In
June
2000,
Stage
filed
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
The
Company
commenced
its
reorganization
proceedings
in
the
United
States
Bankruptcy
Court
in
Houston.
Since
June
2000,
the
Company
has
closed
108
of
its
stores
and
entered
into
a
three-year,
$450
million
debtor-in-possession
credit
facility
with
Citicorp
USA
Inc.
as
agent,
subject
to
documentation
and
bankruptcy
court
approval. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SGEEQ
operates
348
stores
in
14
states
under
the
names
Bealls,
Palais
Royal
and
Stage,
offering
branded
fashion
apparel
and
accessories
for
men,
women
and
children.
For
the
26
weeks
ended
8/4/01,
net
sales
fell
12%
to
$391.1
million.
Net
income
totaled
$8.7
million
vs.
a
loss
of
$122
million.
Revenues
reflect
the
impact
of
fewer
stores
in
operation
versus
last
year.
Earnings
reflect
reductions
in
the
level
of
markdowns
taken
and
reorganization
costs
due
to
closures. | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| John Wiesner, 62
Chairman | $428K | James Scarborough, 50
Pres,
CEO | 823K | Michael McCreery, 52
CFO,
Exec. VP, Sec. | -- | Ron Lucas, 53
Exec.
VP of HR | 845K | | Dollar amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
