Complex sentence: Palais Royal is a United States chain of department stores, owned by Stage Stores, Inc. and headquartered in Houston, TX, which specializes in retailing desirable brand name apparel, accessories, cosmetics, footwear and housewares.
Split into simpler sentences: Palais Royal is a United States chain of department stores, owned by Stage Stores, Inc. and headquartered in Houston, TX. The store specializes in retailing desirable brand name apparel, accessories, cosmetics, footwear and housewares.