Stage Stores, Inc. (SSI) Tops Q4 EPS by 2c; Guides FY14 adj.-EPS Above Views
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Stage Stores (SSI) to Unload Steele’s Division
March 6, 2014 6:19 AM ESTStage Stores, Inc. (NYSE: SSI) announced that it has reached an agreement to sell its Steeles off-price retail stores (Steeles) to a new retail unit of Hilco Global.
Under the terms of a purchase and sale agreement, Steeles & Deals, LLC, part of the Hilco Global Retail Group, will acquire the Steeles retail chain from Stage Stores through a 100% equity purchase. Upon completion of the transaction, Hilco will take over the responsibility for all but one of the remaining Steeles real estate leases and... More
