01-14-2020, 12:36 AM
We're buying 2500 shares Stage Stores at $3.27
- While the reduced guidance is certainly disappointing, the bulk of the conversion to the offprice format which is the driver of the improvement is still in front of us.
- Only a fraction of the +17% comps in Q3 was produced by conversions, we never fully understood where that came from and it was likely to be a one-off sales effect.

