U.S. Markets close in 4 hrs 2 mins

Stage Stores names 2 board members

HOUSTON (AP) -- Stage Stores has named two new directors, expanding the size of its board to 10 members.

The company said Wednesday that Lisa Kranc, 59, senior vice president of marketing for AutoZone Inc., had joined the Stage Stores board on Sept. 20. She will serve on Stage Stores Inc.'s compensation committee and its corporate governance and nominating committee.

The retailer said it had also appointed Diane Ellis, 54, the president and chief operating officer of Brooks Brothers Inc., to the board on Sept. 21. She will serve on Stage Stores' compensation committee and its audit committee.

Stage Stores runs 839 stores in 40 states. Last month the Houston company reported that its second-quarter net income climbed as it cut back on promotions.

Stage Stores shares closed at $21.31 on Tuesday. They had risen to a 52-week high of $22.67 on Sept. 21.