Stage Stores, Inc. has announced it will open a Peebles department store in Ticonderoga in August. The former Grand Union building will house the store.
Photo by Nancy Frasier.
continued An average store size is 18,350 selling square feet. In fiscal year 2010 the company had sales of approximately $1.5 billion. It has approximately 13,000 employees.
“The company believes that it has developed a unique retailing concept and niche in these markets by offering a broad range of nationally recognized brand name merchandise with a high level of customer service in convenient locations,” according to the Stage Stores website.
The company generally locates in areas with a population of 20-30,000 within a 10-mile radius, 20-30 miles away from a competitor department store and near a national discount retail store.
The Ticonderoga area is on the low side of Stage’s population target, but its well removed from other department stores and has Wal-Mart located about a quarter mile from the former Grand Union building in Ticonderoga.