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Entries Tagged as 'SSI'

Take Advantage Of The Stage Stores Sell-Off

January 14th, 2020 · No Comments

The disappointment that led to a 50%+ crash in the shares pertains to the company’s old department stores, which had a disappointing Q4 after a fantastic Q3. However, these department stores will soon all be converted to offprice stores. Results from four quarters and 97 conversions show that these conversions lift sales by 35%+, so […]

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Tags: SSI

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

December 23rd, 2019 · Comments Off on Stage Stores: A Tremendous Turn-Around Still In The Early Innings

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 […]

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Tags: SSI

Stage Stores’ Q3 Was A Blast, Its Outlook Is Rapidly Improving

November 22nd, 2019 · Comments Off on Stage Stores’ Q3 Was A Blast, Its Outlook Is Rapidly Improving

The economics of store closures and conversions to the off-price format are even considerably better than management assumed only a quarter ago. These are now projected to provide $35M in cash flow this year, reducing the risk of bankruptcy and setting in motion a virtuous deleverage cycle. With most of the store closures and conversions […]

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Tags: SSI

Turnaround At Stage Stores Is Getting Traction

October 15th, 2019 · Comments Off on Turnaround At Stage Stores Is Getting Traction

Investors have celebrated the company’s promising Q2 results, most of it driven by their adoption of the off-price strategy. As the results of this strategy are positive, management is now going all in, converting all its stores to off-price stores. With the guided positive cash flow, bankruptcy risks would diminish considerably, but the company still […]

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Tags: SSI