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

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

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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