Stage Stores Inc.’s board made permanent the appointment of Michael Glazer as its president and chief executive officer.
Glazer was named to both posts on March 28 on an interim basis following the resignation of former president and ceo Andy Hall. Glazer has been a director of Stage since August 2001.
Glazer, during the interim appointment, was president and ceo of Mattress Giant Corp. According to Stage, Glazer has tendered his resignation at the mattress company following its sale to Mattress Firm.
William Montgoris, chairman of Stage’s board, said, “Michael possesses a 37-year track record of retail industry success along with the intellectual enthusiasm and industry acumen required to lead this dynamic organization.”
Montgoris added that given Glazer’s familiarity with the retailer’s “growth and expansion strategy, it became clear the company and its shareholders would be best served by making his appointment permanent.”
Stage operates 820 stores in 40 states, mostly in small and midsize towns and communities. Its stores operate under the nameplates Bealls, Goody’s, Palais Royal, Peebles, Stage and Steele’s, the latter a new off-price concept in small-town strip centers.