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Below are the latest news stories about Stage Stores Inc that investors may wish to consider to help them evaluate SSI as an investment opportunity.
Discount retailer Stage Stores filed for bankruptcy Sunday with plans to sell its business after the coronavirus crisis threw a wrench into its turnaround plans. The Houston-based owner of the Peebles, Goody’s and Gordmans chains said it had no choice but to seek a buyer through the Chapter 11 process after the pandemic forced it…
Stock futures suggest a mixed start for Wall Street; Under Armour reports earnings; Stage Stores files for bankruptcy.
Stage Stores, Inc. (NYSE: SSI) announced today that it received notification from the New York Stock Exchange ("NYSE") on March 12, 2020 that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.
Stock prices for retailers in the Houston area are taking a hit as supply chain concerns and a global pandemic continue to rattle markets. Monday, March 9 was the first time stock trading was halted since 1997, per the Wall Street Journal. In a primetime address March 11, President Donald Trump announced a 30-day travel ban to many European nations to curb the spread of the deadly coronavirus.
However, the company is still moving ahead with plans to convert all locations to its low-price brand, Gordmans, which will celebrate more than 100 grand openings throughout March.
Stage Stores (NYSE: SSI) shares are trading lower on Tuesday following a Wall Street Journal report that the company is preparing for a possible …
Stage Stores (NYSE: SSI ) shares are trading lower on Tuesday following a Wall Street Journal report that the company is preparing for a possible bankruptcy. Citing people familiar with the matter, WSJ reports the company is preparing for a "financial restructuring that could include a bankruptcy filing" … Full story available on Benzinga.com
Guru cuts holding in off-price retailer by 99.16% Continue reading...
The recent struggles by Stage Stores offers a compelling entry point into SSI stock, which is a potential multi-bagger.