Stage Stores, Inc. (NYSE:SSI) has appointed Richard Maloney to the position of Chief Merchandising Officer. The company has also appointed Edward Record as its Chief Operating Officer. Maloney and Record will report to the company’s President and CEO, Andy Hall.
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Maloney first joined Stage Stores in 2008 as the President and Chief Operating Officer of the South Hill division. He previously served as the President and CEO of the Meier and Frank division of Macy’s before he joined Stage Stores. Record joined the company in May of 2007 as its Executive Vice President, Chief Administrative Officer. He was later promoted to the position of Executive Vice President, Chief Financial Officer in September 2007. He previously served as Senior Vice President of Finance for Kohl’s Corporation and the Senior Vice President of Finance, Controller for Belk, Inc. before he joined Stage Stores.
Stage Stores, Inc. (Stage Stores) is a specialty department store retailer that offers brand name and private-label apparel, accessories, cosmetics and footwear. As of January 31, 2009, the Company operated 739 stores located in 38 states. The Company operates its stores under four names: Bealls, Palais Royal, Peebles and Stage. The Company offers a range of branded merchandise within merchandise categories, such as women's, men's and children's apparel, as well as accessories, cosmetics and footwear. The Company focuses on consumers in small and mid-size markets. Stage Stores has an average store size of approximately 18,600 selling square feet and approximately 80% of the Company's stores are located in strip shopping centers in which they are one of the anchor stores. An additional 14% of the Company's stores are located in local or regional shopping malls, while the remaining 6% are located in either free standing or downtown buildings.
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