Complex sentence: The stores were bought by Wellan's of Alexandria, Louisiana in 1985 then again In 1989 by Stage Stores, also known as Specialty Retailers Inc. who owns the stores today.
Split into simpler sentences: The stores were bought by Wellan's of Alexandria, Louisiana in 1985. Four years later, in 1989, the company was purchased by Stage Stores, formerly known as Specialty Retailers Inc., who owns the stores today.