Tuesday, May 12, 2020

Dear Valued Partner,

As you are likely aware, Stage Stores, Inc. (SSI-NYSE) based in Houston, Texas filed for Chapter 11 Bankruptcy protection on 5/10/20. Stage Stores, Inc. owns and operates stores which use the Bealls name in several states including Texas. Please note that Bealls, operated by Stage Stores Inc., is in no way affiliated with Beall’s Inc. Beall’s Inc. is based out of Florida and operates Beall’s Stores, Beallsflorida.com, Beall’s Outlet, Burke’s Outlet, Burkesoutlet.com, Home Centric and Bunulu.

Bealls, Inc. is a privately held company founded in Bradenton Florida in 1915 and is still owned by the founding family. We operate 525 stores in 17 States. We have reopened 90% of our stores after closing for the Coronavirus and remain financially healthy.

We appreciate your continued partnership and apologize for any confusion that these headlines may have created.

Sincerely,

Matt Beall | CEO | Bealls, Inc.