Stage Stores: Looking For A Big 2020 [Seeking Alpha]
STAGE STORES (SSI)
Last stage stores earnings: 3/7 06:30 am
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US:NYSE Investor Relations:
corporate.stage.com/investor-relations
Company Research
Source: Seeking Alpha
Summary Stage Stores collapsed 50%+ following weak holiday sales. The retailer continues to execute on a turnaround strategy of converting to an off-price concept. The industry comps provide a substantial catalyst for the stock in 2020. When looking for a multi-bagger stock, one has to find a catalyst misunderstood or unknown by the market. A prime example is the current ongoing turnaround at SSI Image Source: Stage Stores website Off-Price Future The investment thesis for Stage Stores is rather simple. The premium name-brand retailer is quickly converting to an off-price store strategy after acquiring Gordmans back in 2017. Over the course of 2020, the company expects to complete the conversion of over 500 stores to end the year with 700 off-price locations. Stage Stores hasn't even converted 100 stores through all of 2018 and 2019 and ended the year with just 158 Gordmams' stores. January 2020 presentation The one main advantage to their off-price strategy is the small market focus
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