|Bid||0.0000 x 1300|
|Ask||0.0000 x 800|
|Day's Range||0.3600 - 0.5000|
|52 Week Range||0.0102 - 23,700.0000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 20, 2020 - Aug. 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Stage Stores, Inc. (NYSE: SSI) ("Stage" or the "Company") today announced that the Company has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The Company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The Company will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid.
Stage Stores Inc <SSI.N> is asking vendors for more time to pay bills and other concessions as the discount department store chain seeks to avoid a bankruptcy filing because of the coronavirus pandemic, according to correspondence seen by Reuters. "We will require concessions from you, our vendor partners," Chief Executive Michael Glazer and Chief Merchandising Officer Thorsten Weber said in an email to vendors on Monday. Stage Stores closed all its 738 stores and three distribution centers late last month, along with other "non-essential" retailers, as part of efforts to curb the spread of the novel coronavirus throughout the United States.
Stage Stores, Inc. (NYSE: SSI) ("Stage" or the "Company") today announced a series of steps the Company is taking to reduce costs and preserve liquidity in response to increasingly challenging market conditions and the impact of the COVID-19 pandemic. These steps include: