Discount Retailer Stage Stores Files for Chapter 11 Bankruptcy

Discount Retailer Stage Stores Files for Chapter 11 Bankruptcy
Pigeons fly over closed stores on the Boardwalk in Venice, Calif. on April 26, 2020. Apu Gomes/AFP via Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

Stage Stores, which operates more than 700 department stores in 42 states, filed for Chapter 11 bankruptcy protection, according to the firm in a statement on Sunday.

The Houston-based company operates a number of stores including Bealls, Gordmans, and Goody’s. In a statement announcing the bankruptcy filing, the firm blamed the CCP (Chinese Communist Party) virus pandemic for a decline in revenue.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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