Stage Stores Completes the Acquisition of B.C. Moore & Sons, Inc.
2006年2月28日 - 5:35AM
ビジネスワイヤ(英語)
Stage Stores, Inc. (Nasdaq:STGS) today reported that it has
completed its previously announced acquisition of privately held
B.C. Moore & Sons, Inc. ("B.C. Moore"). In purchasing B.C.
Moore, the Company acquired 78 retail locations, which are located
in small markets throughout Alabama, Georgia, North Carolina and
South Carolina. The Company's integration plan calls for 69 of the
acquired locations to be converted into Peebles stores, and the
remaining 9 locations will be closed. The acquisition expands and
strengthens the Company's position in the Southeastern United
States, and is consistent with its corporate strategy of increasing
the concentration of its store base into smaller and more
profitable markets. Jim Scarborough, Chairman and Chief Executive
Officer of Stage, commented, "We are pleased to have completed this
acquisition so quickly, and we enthusiastically look forward to
entering these new markets with our Peebles store format. Our new
customers in these markets will enjoy our exceptional service,
exciting brand names, merchandise selections, and value in
easy-to-shop and conveniently located stores." Stage Stores, Inc.
brings nationally recognized brand name apparel, accessories,
cosmetics and footwear for the entire family to small and mid-size
towns and communities. The Company currently operates 376 Bealls,
Palais Royal and Stage stores throughout the South Central states,
and operates 174 Peebles stores throughout the Midwestern,
Southeastern, Mid-Atlantic and New England states. On February 27,
2006, the Company acquired 78 retail locations from B.C. Moore
& Sons, Inc., and currently plans to convert 69 of them to its
Peebles name and format beginning in mid July. For more information
about Stage Stores, visit the Company's web site at
www.stagestores.com.
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