Stage Stores posts Q2 loss

Houston Stage Stores reported Tuesday that fiscal second-quarter earnings declined 4% year over year.

Net sales for the quarter dropped 8.3% year over year to $342 million. The average transaction value for the quarter was flat year over year, as a 1% increase in the average unit retail was fully offset by a 1% decrease in units per transaction.

Comp-store sales were down 10.7% driven primarily by reduced merchandise clearance in stores.