Peebles in Pulaski becoming a Gordmans

Peebles in Pulaski will soon become a Gordmans.

Peebles currently is displaying a “Store Closing Sale” sign outside its Pulaski location. However, a member of the store’s staff confirmed Monday the store is actually being converted to a Gordmans.

Peebles’ parent company, Stage Stores, announced in March it would convert nearly 100 of its stores into Gordmans – which is described as an off-price store.

According to the Business Dictionary website, off-price stores sell items at lower prices than those typically charged by retail businesses. Off-price stores typically purchase overstocked goods or goods that are at the low end of a demand cycle, such as seasonal goods, in order to lower expenses enough to sustain lower average prices.

The store conversion strategy came after Stage Stores acquired 48 stores and a distribution center from Gordman’s after that company filed for bankruptcy and decided to liquidate, according to the website Chain Store Age (

According to CSA, Stage Stores turned the acquired stores into “off-pricers” to successful results, prompting Stage to launch a strategy of converting several of its stores into the same off-price model.

That conversion strategy will now include the Pulaski store.

CSA said Stage Stores plans to convert more stores by mid-2020, giving it a total of about 300 converted stores.

Stage Stores currently operates over 700 Bealls, Goody’s, Palais Royal, Peebles and Stage specialty department stores as well as around 100 Gordmans locations.