Tuesday, February 28, 2006

Stage Stores, Inc. Acquires B.C. Moore

Chain Store Age

HOUSTON - Stage Stores, Inc. has completed its previously announced acquisition of privately held B.C. Moore & Sons, Inc. The company acquired 78 retail locations, which are located throughout Alabama, Georgia, North Carolina and South Carolina, as a result of the B.C. Moore purchase. The integration plan calls for 69 of the acquired locations to be converted into Peebles stores. The remaining nine locations will be closed.

The acquisition expands and strengthens the Stage Stores’ position in the Southeast and furthers its strategy of increasing the concentration of its store base into smaller and more profitable markets.

"We are pleased to have completed this acquisition so quickly, and we enthusiastically look forward to entering these new markets with our Peebles store format, Jim Scarborough, chairman and CEO of Stage, said. “Our new customers in these markets will enjoy our exceptional service, exciting brand names, merchandise selections and value in easy-to-shop and conveniently located stores."

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