Stage Stores, parent company of Bealls, has filed for Chapter 11 bankruptcy and is seeking to sell the business.
On Friday, 557 of the company’s stores were schedule to reopen after being shuttered for several weeks due to the coronavirus pandemic. On May 28, 67 additional stores will reopen, with the remaining stores to resume operations on June 4.
Liquidation of merchandise will begin when the respective stores reopen.
Stage Stores’ corporate office did not respond to a question about the bankruptcy’s impact on the Carthage Bealls location or other stores in the East Texas area. It had been previously announced that the Carthage store, located in the old Walmart building, would be transitioning to a Gordmans banner.
Stage, which is headquartered in Houston, also operates stores under the Bealls, Goodys, Palais Royal, Pebbles and Gordmans names.