Palais Royal (store)

Palais Royal is an American chain of department stores, owned by Stage Stores, Inc. and headquartered in Houston, TX, that specializes in retailing brand name apparel, accessories, cosmetics, footwear, and housewares.

Palais Royal Inc.
Department store
IndustryRetail
FateConverted to Gordmans
Founded1921
Defunct2020
HeadquartersHouston, Texas
ProductsApparel, accessories, cosmetics, footwear, and housewares
ParentStage Stores, Inc.
Websitehttps://www.stage.com/palaisroyal/

Brands exclusively found at Palais Royal include Valerie Stevens, Signature Studio, Sun River, Rustic Blue, Rebecca Malone, Wishful Park.

Early history

The company was founded in 1921 by Isadore Erlich in Shreveport, Louisiana. Upon his death in 1968, his wife, Moselle Erlich (Pollack), took over the presidency. She relinquished the post to Bernard Fuchs in 1979 and was elected chairman. The stores were bought by Wellan's of Alexandria, Louisiana in 1985.

In 1994, the company was purchased by Stage Stores, formerly known as Specialty Retailers Inc., the current owner of the stores.

In 2019, it was announced that parent company Stage Stores Inc planned to convert all Palais Royal stores to the Gordmans banner, along with Stage Stores' other chains.

On May 10, 2020, Stage announced it had filed for Chapter 11 Bankruptcy, and that it would liquidate all locations, Palais Royal and Gordmans included, unless a buyer could be found for the chain.[1] No buyer had been found, and going out of business sales had begun at all locations.[2]

gollark: It's not horribly complex, just accursed and awful but necessary because IPv4.
gollark: And yet> does that mean I can have any public IP I want if I disabled NAT theoretically
gollark: **R**, the set of real numbers.
gollark: It's trivial, set P = 0 or N = 1.
gollark: It supports but does not mandate TLS.

References
  1. Bhattarai, Abha (May 11, 2020). "Stage Stores files for bankruptcy, says it will liquidate more than 700 stores if it can't find a buyer". Philadelphia Inquirer. Retrieved 2020-05-12.
  2. TERRI HARBER, The Daily News (August 6, 2020). "Stage parent company scraps plan for conversion into Gordmans". Mohave Daily News. Retrieved 2020-08-14.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.