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Stage Stores: A Tremendous Turn-Around Still In The Early Innings

December 23rd, 2019 · No Comments

  • Stage Stores is converting all of its department stores to the off-price format next year, after having converted a number of stores already.
  • With multiple things going on (sales, closures, conversions) and on the basis of limited data, we nevertheless conclude that conversions are likely to be the biggest factor in the turn-around.
  • Given the still really enormous valuation gap with other off-price stores, we think the shares have much more to run.

Source: Stage Stores: A Tremendous Turn-Around Still In The Early Innings – Stage Stores, Inc. (NYSE:SSI) | Seeking Alpha

Tags: SSI