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Stock impact report

Edited Transcript of SSI earnings conference call or presentation 21-Nov-19 1:30pm GMT [Yahoo! Finance News]

STAGE STORES (SSI) 
Last stage stores earnings: 3/7 06:30 am Check Earnings Report
US:NYSE Investor Relations: corporate.stage.com/investor-relations
Edited Transcript of SSI earnings conference call or presentation 21-Nov-19 1:30pm GMT Our comp store increase of 17% demonstrates that our strategic initiatives are clearly working. While there were multiple drivers of our outstanding sales performance, the most important for our future is the sales lift we are delivering in the stores converted from department stores to off price. During 2019, we converted 37 stores in the first quarter, 35 in the second quarter and 17 in the third quarter. In the third quarter, these 89 Gordmans stores had a sales increase of almost 40% compared to their department store sales in the third quarter of 2018. The 40% increase was attributable to both former department store guests seeking great values as well as new and younger guests who just love off-price. ditionally, our home and gift businesses continued their strong momentum. As you may recall, we invested $5 million in capital to roll out high-capacity home fixturing in about 700 department sto Show less Read more
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