Quick Answer: Did Bealls Get Bought Out?

Who bought out Bealls?

Bealls, the flagship store at the Plaza Shopping Center at Crockett Road and South Loop 256, has announced its closing, and will reopen as Gordman’s in 2020.

Bealls, a fixture of the local economy for more than 40 years, is closing – sort of..

Who owns Bealls store?

Bealls Outlet is a privately held company, rich in tradition, owned by the founding family and its employees. Beall’s, Inc. is the parent company of Bealls Outlet Stores, Inc. The corporation operates over 500 retail stores.

Is Bealls of Florida going out of business?

Iconic Florida retailer Bealls has announced that it will temporarily close its stores. “Out of an abundance of caution we have decided to temporarily close all of our stores,” CEO Matt Beall said in a statement.

Does Stage Stores own Bealls?

Stage Stores’ history. 1920s — Palais Royal and Bealls are founded as Family Owned Businesses. 1988 — Three Bealls Brothers merged with Palais Royal to form Specialty Retailers Inc. … 1996 — The company went public under the name of Stage Stores, Inc.

Is Bealls only in Florida?

Today, Bealls Inc., still headquartered in Bradenton, operates across Florida and the Southern states.

What is the difference between Bealls and Bealls Florida?

Bealls is the name of three unrelated American retail chains: Bealls (Florida), based in Florida, also known as Burkes Outlet in some areas, where they might be confused with Bealls (Texas) Bealls (Texas), also owned by Stage Stores Inc.

Why is Bealls going out of business?

“The increasingly challenging market environment was exacerbated by the COVID-19 pandemic, which required us to temporarily close all of our stores and furlough the vast majority of our associates,” Michael Glazer, the company’s chief executive, said in a statement.

Who bought stage out?

Bain Capital cashed out of Stage Stores in 1997, netting the firm $117 million. Stage Stores filed for Chapter 11 bankruptcy two years later. After emerging from bankruptcy, the company continued to acquire competitors. It acquired Peebles in 2003 and purchased Goody’s in 2009.

Is Bealls closing in Texas?

The Stage Store Inc. … Stage Stores Inc., its Houston-based parent company, is moving forward on its plans to convert Bealls department stores in Texas to Gordmans’ off-price stores. The switch will take place in 2020. The store will close for about 2 weeks while the conversion takes place.

Why is gordmans closing?

03.27. Today we announced taking action in response to increasingly challenging market conditions and the impact of the COVID-19 pandemic. Most important to our customers is the temporary closing all 738 of its stores at 6 p.m. local time today.

Are Bealls and Burkes the same?

Beall’s, Inc. is the parent company of Burkes Outlet Stores, Inc. The corporation operates over 500 retail stores. Since its modest beginnings in 1915 Bealls has grown to be a major employer in the state of Florida as well as a valued asset to the communities it serves.