Stage Stores, the parent company of Gordmans, has regained compliance with the New York Stock Exchange and its stock will continue to be listed.
Stage Stores has received notification from the New York Stock Exchange on June 20, 2019, that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.
Stage Stores’ comparable sales were down in the first quarter ended May 4, but the retailer said it was encouraged by its off-price store conversion plan and its expansion of the home department.
Stage Stores has received notice from the New York Stock Exchange that it has regained compliance with NYSE continued listing criteria that require listed companies to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period.
Gordmans Stores has named Ramin Mozafari svp/planning and allocation.
For the third quarter ended October 31, Gordmans posted a net loss of $2.8 million, or 14 cents per diluted…
Gordmans Stores, for the second quarter ended August 1, posted a net loss of $3 million, or 16 cents per…