Stage Stores (SSI) Holiday Comps Fell 2.5%
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Stage Stores, Inc. (NYSE: SSI) reported holiday comparable sales of -2.5% for the ten week period ending January 9, 2016.
Michael Glazer, President and Chief Executive Officer, commented, “Our holiday sales were in line with our expectations despite continued pressure on stores impacted by the oil and gas industry, the weak peso and one of the warmest holiday seasons on record. We responded to soft traffic and a highly competitive environment with increased promotions and markdowns. As we move into 2016, we remain focused on controlling costs and inventory levels, while we continue to execute on the strategic initiatives that we believe will position us for sustainable long-term growth.”
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