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Stage Stores Furloughs Workers, Cuts Executive Compensation Due to COVID-19

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Stage Stores Inc. will temporarily close all 738 of its stores beginning Monday night, furloughing most of its workers and cutting its executive leadership’s pay. The off-price department store had already shuttered 393 stores to meet state and local requirements in connection with social distancing orders in place because of the coronavirus pandemic. Now the…

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