Peebles (store)
| File:Peebles logo.png | |
| Company type | Department store |
|---|---|
| Industry | Retail |
| Founded | 1891 Lawrenceville, Virginia |
| Founder | William Smith Peebles |
| Defunct | 2020 |
| Fate | Bankruptcy |
| Headquarters | Houston, Texas, U.S. |
| Products | Apparel, accessories, cosmetics, footwear, and housewares |
| Parent | Stage Stores, Inc. (2003-2020) BrandX.com (2022-present) |
| Website | Archived official website at the Wayback Machine (archive index) |
Peebles was an American retail department store chain headquartered in Houston, Texas and owned by Stage Stores, Inc..
Primarily serving smaller communities throughout the eastern and upper midwestern regions of the United States, Peebles operated in states including Alabama, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia and Wisconsin.
The chain's merchandise focused on fashionable men's, women's, and children's clothing, along with accessories, cosmetics, footwear, and household items. Signature private labels included Valerie Stevens; Signature Studio; Sun River; Rustic Blue; Rebecca Malone; and Wishful Park.
History
Established in 1891 by William Smith Peebles in the town of Lawrenceville, Virginia, the company targeted smaller towns that lacked department stores to avoid the high costs associated with urban retail spaces.
In 1981, Peebles expanded by acquiring The Collins Company, a moderately priced chain headquartered in Charlotte, North Carolina. The Peebles family divested ownership in 1986 for $85 million to a group of investment firms and senior executives.
Following several ownership changes, Stage Stores purchased Peebles in 2003 when the chain operated more than 125 locations mainly throughout the Mid-Atlantic, Southeast, and Midwest regions.
Growth continued through acquisitions: in 1988, Peebles acquired Harveys Department Stores based in Nashville, Tennessee, converting these upscale locations into Peebles stores; then in 1998 it acquired Watson's stores and rebranded them under the Peebles name.
Houston-based Stage Stores completed the purchase of Peebles in 2003 for $167 million plus $46.9 million in assumed debt. In August 2019, Stage announced intentions to transition all Peebles outlets into Gordmans off-price stores.
On May 10, 2020, Stage Stores filed for Chapter 11 bankruptcy protection and declared plans to liquidate all its stores unless a buyer was found. With no acquisition offers forthcoming, liquidation sales commenced across all locations.
External links
- Pages with broken file links
- Webarchive template wayback links
- 1891 establishments in Virginia
- 2020 disestablishments in Virginia
- Companies based in Houston
- Retail companies founded in 1891
- Companies that sought Chapter 11 bankruptcy protection in 2020
- Retail businesses closed in 2020
- Defunct Texas-based department stores
- Midwestern United States economy
- American firms founded in 1891
- American firms closed in 2020
- Defunct department stores based in Texas