Nike Inc. was left with the largest unsecured claim in the bankruptcy filing of Stage Stores. Skechers, Adidas and Columbia Sportswear were also among the Top 20 unsecured creditors.
As reported, Stage Stores Inc. on Sunday filed for bankruptcy protection in Houston, TX. The company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The company will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid.
The Top 20 unsecured creditors were Nike, owed $3.6 million; Adobe Systems, $2.7 million; Skechers USA, $2.31 million; Ralph Lauren, $2.14 million; Levi, $2.08 million; Adidas, $1.88 million; E-Lo Sportswear, $1.67 million; 9th Wonder, $1.39 million; WM Carter, $1.32 million; Gourmet Home Products, $1.25 million; Yankee Candle Company, $1.21 million; Select Brands, $1.67 million; North Point Trading, $1.16 million; Columbia Sportswear, $1.15 million; Byer, $1.14 million; Fencepost, $1.13 million; Specialty Store Services, $1.02 million; Wicked Fashions by Southpole, $968,965; YMI Jeanswear, $955,654; and RGIS Inventory Specialists, $952,634.
Other vendors in the active lifestyle space among the Top 50 unsecured creditors were Fila USA, owed $941,932; Rocket Fish, $699,050; New Balance, $581,181; and Caleres, $486,944.
