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Stage Goes All-In on Off-Price, Closes 40 Struggling Department Stores

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Off-price is looking like a much better bet than the department-store sector. Stage Stores Inc., struggling with its department store operations, said Tuesday it will close 40 stores and convert its business model to the off-price nameplate Gordmans. The retailer plans to begin converting its remaining department stores in February 2020, with the small-market Gordmans…

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