Stage Stores, Inc. named Richard
Maloney chief merchandising officer and Edward Record chief operating officer. Both Maloney and Record will report to Andy Hall, President
and CEO.

Maloney, 60, joined Stage Stores in October 2008 as the President and
Chief Operating Officer of the South Hill Division, headquartered in
South Hill, Virginia. Prior to joining Stage Stores, Maloney’s 32 year
retail career included seven years as President and CEO of the Meier
and Frank division of Macy’s. As Chief Merchandising Officer, Maloney
will oversee all of the merchandising, planning and allocation
functions of the Houston Division. In addition, the Chief Operating
Officer of the South Hill Division will report to Maloney.

Commenting on the appointment of Maloney, Hall stated, “Rich is a
tremendously talented merchant and leader who has developed an in-depth
understanding of our small town department store business model. We are
excited about the synergistic opportunities with Rich assuming
responsibility for all of the merchandising, planning and allocation
functions across the entire Company. We will immediately begin a search
for Rich’s replacement in South Hill.”

Record, 41, joined Stage Stores in May 2007 as Executive Vice
President, Chief Administrative Officer. He was promoted to Executive
Vice President, Chief Financial Officer in September 2007. Prior to
joining Stage Stores, Record served as Senior Vice President of Finance
for Kohl’s Corporation and Senior Vice President of Finance, Controller
for Belk, Inc. As Chief Operating Officer, Record will continue to
oversee the Company’s finance, information technology, internal audit,
logistics, risk management and legal functions, and will add
responsibilities for real estate and store construction. The Company
has begun a search for a Chief Financial Officer, who will report to
Record. Record will retain the Chief Financial Officer responsibilities
until the successful conclusion of the search.

Commenting on the appointment of Record, Hall stated, “Ed possesses
outstanding management capacity and leadership abilities, and has been
instrumental in successfully navigating our Company through the current
challenging economic environment. Ed’s financial acumen will add
tremendous value to our real estate and store construction functions.”

Stage Stores operates 758 stores located in 39 states under the five names of Bealls,
Goody’s, Palais Royal, Peebles and Stage.