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Stage Stores gets court approval to sell property for $7 million
By Sarah Lizee
Olympia, Wash., Oct. 9 – Stage Stores, Inc. obtained court approval of the private sale of its Jacksonville, Tex., property to Burke’s DC TX, LLC for a total consideration of $7 million, according to an order filed Thursday in the U.S. Bankruptcy Court for the Southern District of Texas.
Stage Stores and Burke’s had entered into the asset purchase agreement on Oct. 4.
Stage Stores is a Houston-based retailer of apparel, accessories, cosmetics and footwear. The company filed bankruptcy on May 10 under Chapter 11 case number 20-32564.
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