Stage Stores, Inc. (Stage Stores) is a Houston, Texas-based retailer, which operates both department stores and off-price stores. Its department stores, which operate under the Bealls, Goody�s, Palais Royal, Peebles and Stage nameplates, offer apparel, accessories, cosmetics and footwear for the entire family. The Company also has an eCommerce Website. It offers brand name and private-label apparel, accessories, cosmetics and footwear. As of January 28, 2012, the Company operated 813 stores located in 40 states. Its average store size is approximately 18,500 selling square feet and approximately 87% of the Company's stores are located in strip shopping centers. An additional 10% of the Company's stores are located in local or regional shopping malls, while the remaining 3% are located in either free standing or downtown buildings. During the fiscal year ended January 28, 2012 (fiscal 2011), the Company opened a total of 37 new stores. The Company closed 10 stores during fiscal 2011.