-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D817pxYQmgmo5epFOGyrOT8DXEUyxWGL/xDb4PTZFmBW0OfMX5Goo7qsk5MlLQzH N0PgURmOZXq+8oyhiqZoow== 0000006885-03-000045.txt : 20030811 0000006885-03-000045.hdr.sgml : 20030811 20030811172000 ACCESSION NUMBER: 0000006885-03-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030811 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STAGE STORES INC CENTRAL INDEX KEY: 0000006885 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 911826900 STATE OF INCORPORATION: NV FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14035 FILM NUMBER: 03835271 BUSINESS ADDRESS: STREET 1: 10201 MAIN ST CITY: HOUSTON STATE: TX ZIP: 77025 BUSINESS PHONE: 7136675601 MAIL ADDRESS: STREET 1: 10201 MAIN STREET CITY: HOUSTON STATE: TX ZIP: 77025 FORMER COMPANY: FORMER CONFORMED NAME: APPAREL RETAILERS INC DATE OF NAME CHANGE: 19930908 FORMER COMPANY: FORMER CONFORMED NAME: TEXTILE DISTRIBUTORS INC DATE OF NAME CHANGE: 19690521 8-K 1 cover_080703.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

 Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

August 7, 2003

(Date of Report, date of earliest event reported)

Stage Stores, Inc.

(Exact name of registrant as specified in its charter)

000-21011

(Commission File Number)

NEVADA

(State or other jurisdiction

of incorporation)

91-1826900

(I.R.S. Employer Identification No.)

10201 Main Street, Houston, Texas

(Address of principal executive offices)

77025

(Zip Code)

(713) 667-5601

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

ITEM 7. Financial Statements and Exhibits

    1. Financial statements of business acquired.
    2. Not applicable.

    3. Pro forma financial information.
    4. Not applicable.

    5. Exhibits.

99.1 News Release issued by Stage Stores, Inc. on August 7, 2003 reporting July 2003 sales.

ITEM 12. Results of Operations and Financial Condition

On August 7, 2003, Stage Stores Inc. issued a news release announcing its sales for July 2003.  A copy of the news release is attached to this Form 8-K as Exhibit 99.1.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

                                                                 

                                                                                                STAGE STORES, INC.

August 7, 2003                                                                        /s/ Michael E. McCreery                    

(Date)                                                                                      Michael E. McCreery

                                                                                                Executive Vice President and Chief

                                                                                                Financial Officer

 

 

 

 

 

 

EX-99.1 3 nr_080703.htm

Exhibit 99.1

NEWS RELEASE

CONTACT:

Bob Aronson
Director of Investor Relations
800-579-2302
(baronson@stagestores.com)

 

FOR IMMEDIATE RELEASE

STAGE STORES REPORTS JULY SALES

HOUSTON, TX, August 7, 2003 - Stage Stores, Inc. (Nasdaq: STGS) today reported that comparable store sales for the four-week period ended August 2, 2003 decreased 1.0% as compared to the prior year four-week period ended August 3, 2002, during which comparable store sales increased 2.1%. Total sales increased 2.2% to $70.5 million from $69.0 million in the prior year period.

The Company stated that its dresses, home & gifts, misses sportswear and shoe departments had comparable store sales increases during the month, and its cosmetics and men's departments performed better than the Company average.

For the second quarter ended August 2, 2003, the Company reported that comparable store sales decreased 3.5%, while total sales increased 0.1% to $207.7 million from $207.5 million last year.

Jim Scarborough, Chairman, President and Chief Executive Officer, commented, "Although slightly negative, we are pleased with our comparable store sales results for July. Since this is the second consecutive month of improving comparable store sales performance, we are now cautiously optimistic in our outlook for the second half of the year."

Mr. Scarborough continued, "While we continue to see the greatest challenge in our larger markets, which are the most competitive, a number of store districts, primarily comprised of smaller market stores, produced comparable store sales gains for the period. Additionally, the Texas sales tax holiday weekend, which ran from August 1st through August 3rd, met our sales expectations and was the biggest sales event for us during the month."

Mr. Scarborough concluded, "On July 24th, we opened new stores in Burkburnett, Texas, Baton Rouge, Louisiana, Nogales, Arizona and Rolla, Missouri. We are pleased with the early results in these stores. With these 4 July openings, that brings the total number of

 

--more--

Stage Stores Reports July Sales
Page -2

 

stores opened through the first 6 months of the fiscal year to 12. Looking ahead, we are currently planning to open an additional 13 new stores in October and 3 new stores in November, which will be located in the states of Texas, Louisiana and New Mexico."

 

SALES SUMMARY

Comparable Store Sales Trend

Total Sales

% Increase (Decrease)

($ in Millions)

Fiscal Period

2003

2002

2003

2002

1st Quarter

(7.5)%

7.0%

$198.0

$206.7

May

(6.6)

8.8

65.0

66.9

June

(3.1)

8.9

72.2

71.6

July

(1.0)

2.1

70.5

69.0

2nd Quarter

(3.5)

6.5

207.7

207.5

Year-To-Date

(5.5)

6.8

405.7

414.2

Stage Stores, Inc. brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities throughout the south central United States. The Company currently operates a total of 366 stores in 13 states under the Stage, Bealls and Palais Royal names. For more information about Stage Stores, visit the Company's web site at stagestoresinc.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including comments regarding the Company's outlook for the second half of the 2003 fiscal year. The Company intends forward looking terminology such as "believes", "expects", "may", "will", "should", "anticipates", "plans" or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties which could cause the Company's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the "SEC") on April 23, 2003, in the Company's Quarterly Reports on Form 10-Q as filed with the SEC and other factors as may periodically be described in other Company filings with the SEC.

 

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