Stage Stores Announces Appointment of President and Chief Executive Officer

Stage Stores, Inc. (NYSE: SSI) announced today that Michael Glazer has been appointed to the position of President and Chief Executive Officer on an interim basis. Mr. Glazer replaces the Company's former President and Chief Executive Officer, Andy Hall, who the Company announced has resigned from both the Company and its Board of Directors to pursue other interests. Mr. Hall joined the Company as President and Chief Operating Officer in February 2006 and served as Chief Executive Officer since November 2008. Commenting on Mr. Hall's departure, William Montgoris, Chairman of the Board, stated “We thank Andy for his service and his contributions to the Company over the last six years and we wish him well in his new endeavors.” Mr. Glazer has been a Director of the Company since August 2001. During that period he has served as Chairman of the Compensation Committee and as Chairman of the Corporate Governance and Nominating Committee. He will remain a Director, but will no longer serve on Board committees as he is not deemed to be independent by virtue of his employment with the Company.