Peebles to Open at Madison Marketplace

RFH 2010, Featured Articles, News

Tue, Jul 19, 2011

Houston-based chain brings national brands to "small town America" including Hamilton.

A national department store chain that calls itself "America’s leading small town retailer" and "offering moderately priced brand name and private label apparel, accessories, cosmetics and footwear for the entire family ..." is coming to the Greater Hamilton Metroplex soon.

An official with Stage Stores of Houston today confirmed that it will be opening one if its Peebles stores at the Madison Marketplace on Rte. 12B north of the village at Airport Road. It will be located between Price Chopper and the Family Dollar store.

Bob Aronson, vice president for investor relations for Stage Stores said of the market, "This is right in our sweet spot." He added that 85 percent of what Peebles sells are nationally known name brand items. He added that the stores cater to the entire family, and have between 10,000 and 20,000 square feet of selling space.

Stage, which has operated for more than 80 years, has 800 stores in 39 states, including several in Central New York. It operates stores under five names:

Peebles
Palais Royal
Goody's
Bealls
and Stage.

State Stores also sells products online.

There already are Peebles stores located in Norwich, Johnstown, Oswego, Geneva and Sayre, PA.

In fiscal 2010 Stage Stores had sales of about $1.5 billion. Stage Stores trades on the New York Stock Exchange under the symbol SSI. Today's share price was listed at $18.50.

It is expected that the store -- now under construction -- will open before year's end.

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