Content about Stage Stores Inc.

Houston -- Stage Stores Inc. reported Tuesday that profit for the fourth quarter rose 2% to $32.7 million, from $32 million a year earlier.

Revenue increased 6% to $479.1 million from $453.7 million, beating Wall Street's $468.2 million forecast.

For the year, Stage Stores reported net income of $31 million, down from $37.6 million in the prior year. Annual revenue climbed 3% to $1.51 billion.
 

Houston -- Stage Stores announced that Mike Searles has joined the company as president and COO of its South Hill Division, which is headquartered in South Hill, Va.

Searles will be responsible for all operations of the South Hill Division, including merchandising, planning and allocation, and store operations. He has served as chairman and CEO of Wilsons Leather Stores, and Factory 2-U Stores, in addition to holding senior executive level positions at several other national retail chains.