Stage Stores Announces Aid for Communities, Guests and Associates Impacted by Hurricane Harvey

HOUSTON–(BUSINESS WIRE)–Houston-based retailer Stage Stores, Inc. (NYSE:SSI) today announced
that it is delivering aid to communities, guests and associates impacted
by Hurricane Harvey.

“I am incredibly proud of our associates, whose generosity and empathy
for affected communities, guests and other associates, reinforces our
mission to be the heart of every town we serve,” said Michael Glazer,
President and Chief Executive Officer. “To date, Stage associates have
worked tirelessly to raise more than $750,000 for those impacted by this
tragic event. Beyond the contributions of money, merchandise and
supplies, I continue to be humbled by the numerous stories of the
dedication, bravery and commitment of our associates to provide their
time and energy to assist the communities we serve during this time of
need. Our goal is to not only help our guests recover from this
devastating storm, but to help the more than 300 Stage associates who
also suffered losses. Beyond our initial efforts, we remain committed to
providing relief throughout the recovery process, as do our generous
vendors and business partners, to whom we are deeply grateful for their
contributions and support.”

Mr. Glazer continued, “Internally, our teams have initiated our disaster
recovery plans with tremendous speed and efficiency to minimize the
impact on our operations. As of September 6, all of our stores in the
impacted region are open and operational, with the exception of
approximately 10 locations, or one percent of our fleet. Together with
our insurance carriers, we continue to assess and remediate the damage
suffered at these stores, the extent of which is modest at most
locations. While we are committed to reopening these stores as quickly
as possible to serve our communities in their time of need, we remain
focused on ensuring that our guests and associates have a safe,
comfortable experience.”

About Stage Stores

Stage Stores, Inc. is a leading retailer of trend-right, name-brand
values for apparel, accessories, cosmetics, footwear and home goods. As
of September 6, 2017, the Company operates in 42 states through 792
BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE specialty department
stores and 58 GORDMANS off-price stores, as well as an e-commerce
website at www.stage.com.
For more information about Stage Stores, visit the Company’s website at corporate.stage.com.

Caution Concerning Forward-Looking Statements

Certain statements in this release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995, and
such statements are intended to qualify for the protection of the safe
harbor provided by the Act. The words “anticipate,” “estimate,”
“expect,” “objective,” “goal,” “project,” “intend,” “plan,” “believe,”
“will,” “should,” “may,” “target,” “forecast,” “guidance,” “outlook” and
similar expressions generally identify forward-looking statements.
Similarly, descriptions of the Company’s objectives, strategies, plans,
goals or targets are also forward-looking statements. Forward-looking
statements relate to the expectations of management as to future
occurrences and trends, including statements expressing optimism or
pessimism about future operating results or events and projected sales,
earnings, capital expenditures and business strategy. Forward-looking
statements are based upon a number of assumptions concerning future
conditions that may ultimately prove to be inaccurate. Forward-looking
statements are based upon management’s then-current views and
assumptions regarding future events and operating performance. Although
management believes the expectations expressed in forward-looking
statements are based on reasonable assumptions within the bounds of its
knowledge, forward-looking statements involve risks, uncertainties and
other factors which may materially affect the Company’s business,
financial condition, results of operations or liquidity.

Forward-looking statements are not guarantees of future performance and
actual results may differ materially from those discussed in the
forward-looking statements as a result of various factors, including,
but not limited to, economic conditions, cost and availability of goods,
inability to successfully execute strategic initiatives, competitive
pressures, economic pressures on the Company and its customers, freight
costs, the risks discussed in the Risk Factors section of the Company’s
most recent Annual Report on Form 10-K as filed with the Securities and
Exchange Commission (“SEC”), and other factors discussed from time to
time in the Company’s other SEC filings. This release should be read in
conjunction with such filings, and you should consider all of such
risks, uncertainties and other factors carefully in evaluating
forward-looking statements.

You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. The Company
undertakes no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise. You
are advised, however, to consult any further disclosures the Company
makes on related subjects in its public announcements and SEC filings.

Contacts

Stage Stores, Inc.
Randi Sonenshein, 713-331-4967
Senior Vice
President, Finance and Strategy
rsonenshein@stage.com

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