Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

Stage Stores to Consolidate, 180 Jobs At Stake

When it comes to sustainability, there is no way forward without a plan. Attend our in-person “Sustainability Summit: Road to 2030” June 1 in NYC. Learn from the industry’s best and brightest, and network to create those necessary partnerships!

Stage Stores, the Texas-based discount department store chain, will cut 180 jobs and create 75 new ones in 2013, as it moves its operations in South Hill, Virginia–including merchandising, planning and allocation, and HR–to merge with those already in Houston.

According to the company, some of the 180 Virginia-based employees will be offered the chance to fill the 75 new positions, and those who don’t move will receive severance packages and job placement services.

“Given the impact on South Hill employees,” CEO Michael Glazer told just-style, “the decision to consolidate was a difficult one.”

Glazer called the benefits of the consolidation “significant,” saying that it will “strengthen collaboration, teamwork and communications, while streamlining operations, enhancing overall operational efficiency and reducing costs.” The costs of the move are forecasted to reach $20 million, but the company anticipates annual savings of $5 million.

Related Articles

More from our brands

Access exclusive content Become a Member Today!