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Bealls acquires distribution centre, IP of Stage Stores
28 Oct '20
2 min read
Pic: Bealls inc
Bealls, a 105-year-old Florida based retailer with over 500 stores across the United States, recently announced acquiring a distribution centre and the intellectual property (IP) of Texas-based retailer Stage Stores, which is in liquidation. The IP includes the trademarks and trade names for Stage Stores, Goody’s, Gordmans, Palais Royal, Peebles, and Bealls.
The 435,000 square foot distribution center is located in Jacksonville, Texas.
In addition, Bealls has acquired all the private label brands and customer lists that belonged to Stage Stores, Bealls said in a press release.
“We are very excited about this transaction for many reasons. The distribution center will allow us to gain additional merchandise processing capacity to support our expansion efforts. This is our first owned logistics facility located outside of the state of Florida. With our Burke’s Outlet chain expanding throughout the US, it is important that we shore up our foundation to support this growth,” said Matt Beall, chief executive officer and executive chairman of Bealls.
“We are also excited to now own the national rights to the Bealls name. While Bealls Inc. had rights to use the name Bealls in Florida, Georgia and Arizona, Stage had previously owned the rights to use the name nationally. We believe that this will reduce confusion and create opportunities for us as we look to further grow our store and e-commerce presence.” Beall said.
Family-owned corporation Bealls operates more than 540 retail stores in 17 states under the names Bealls, Bealls Outlet, Burkes Outlet, Home Centric and Bunulu and online at beallsflorida.com and burkesoutlet.com.
The 435,000 square foot distribution center is located in Jacksonville, Texas.
In addition, Bealls has acquired all the private label brands and customer lists that belonged to Stage Stores, Bealls said in a press release.
“We are very excited about this transaction for many reasons. The distribution center will allow us to gain additional merchandise processing capacity to support our expansion efforts. This is our first owned logistics facility located outside of the state of Florida. With our Burke’s Outlet chain expanding throughout the US, it is important that we shore up our foundation to support this growth,” said Matt Beall, chief executive officer and executive chairman of Bealls.
“We are also excited to now own the national rights to the Bealls name. While Bealls Inc. had rights to use the name Bealls in Florida, Georgia and Arizona, Stage had previously owned the rights to use the name nationally. We believe that this will reduce confusion and create opportunities for us as we look to further grow our store and e-commerce presence.” Beall said.
Family-owned corporation Bealls operates more than 540 retail stores in 17 states under the names Bealls, Bealls Outlet, Burkes Outlet, Home Centric and Bunulu and online at beallsflorida.com and burkesoutlet.com.
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