The sign out front says, "store closing," but that's not actually what the future holds for the longstanding department store located near Albertsons in Taos …
Inside and out, the signs say, "store closing," but that's not actually what the future holds for the longstanding department store located near Albertsons in Taos off Paseo del Pueblo Sur.
Contrary to the confusing signage, the store in Taos, a Bealls for over a decade, will convert next year to a Gordmans, an off-price retail chain owned by Houston-based corporation Stage Stores Inc., which confirmed the plans in a statement Thursday (Oct. 10).
The transition is one of several hundred planned by the publicly-traded company, which operates around 625 department stores in 42 states under the Bealls, Palais Royal, Peebles, Stage and Goody's nameplates. By the end of the third fiscal quarter of next year, the corporation plans to convert most of its locations to Gordmans in order to capitalize on a lucrative off-price department store model that has helped keep brick-and-mortor retailers in business.
According to a Sept. 19 article in the Houston Chronicle, other major department stores, including Nordstroms and Macy's, have turned to selling brand-name items at a discount in order to win back customers who are increasingly turning to online shopping sites like Amazon, eBay and Walmart.
Gordmans was founded in Omaha, Nebraska in 1915 and currently operates 141 locations throughout the United States, a number that is set to expand dramitically under Stage Stores 2020 strategy.
"During the transition to Gordmans, the associates at this store will be offered jobs at Gordmans," Thursday's statement continued. "Additional associates will be hired during a job fair, which will be announced at a later date."
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