Stage Stores Plummets After Hours as Holiday Same-Store Sales Drop

Stage Stores Plummets After Hours as Holiday Same-Store Sales Drop

Stage Stores (SSI) shares tanked more than 24% after-hours on Friday as the company said holiday comparable sales fell 7.3% in the nine weeks ending Dec. 31. “Holiday comparable sales were below our expectations and increased promotions significantly pressured gross margin,” said Michael Glazer, president and chief executive officer. “Traffic remained weak with ongoing pressure in oil impacted and border states. However, we saw sequential sales improvement in the balance […]

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