Gordmans

As Gordmans Looks To Liquidate, Retailer Could Join Conagra And Cabela’s As A Loss For Nebraska

... RYAN SODERLIN/THE WORLD-HERALD. Merchandising assistant Alex Williams, left, and Rachel Christensen work at the Gordmans headquarters in Aksarben Village in September 2015. KENT SIEVERS/THE WORLD-HERALD. Boxes roll into the shipping area on conveyors in the Gordmans distribution center at 9202 F St. on Nov. 7, 2012. REBECCA S. GRATZ/THE WORLD-HERALD. Gordmans signs, at the Shadow Lake Towne Center location in 2008, tout the store's deals. KENT SIEVERS/THE WORLD-HERALD. Elainer, left, and Turiko Ferguson fill their cart with stocking stuffers at the Gordmans store at 17202 Lakeside Hills Plaza on Nov. 25, 2016. They began shopping about 9 a.m. on Black Friday to avoid the hustle and bustle. RYAN SODERLIN/THE WORLD-HERALD. Gordmans headquarters in Aksarben Village in November 2016. A Gordmans store in Omaha. RYAN SODERLIN/THE WORLD-HERALD. The Gordmans store at 17202 Lakeside Hills Plaza in Omaha on March 13, 2017. Gordmans Stores Inc. has filed for bankruptcy ...

Gordmans Selects Revionics Markdown Optimization Suite To Optimize Clearance Strategies And Business Results

... and CEO.  "We welcome Gordmans to the Revionics customer family and look forward to a long and prosperous relationship.". To learn more about Revionics, visit __link__ or email __link__. About Gordmans (NASDAQ: GMAN). Founded in 1915, the Omaha-based apparel and home fashions retailer operates 106 stores and over 3.8 million square feet in 22 states. Gordmans features name brand apparel, accessories, footwear, home decor, gifts, designer fragrances, furniture, and more at everyday savings of up to 60 percent off department and specialty store prices. While the company operates within the value segment of the industry, Gordmans differentiates itself by offering department and specialty store name brands, fashions and styles in a more upscale shopping environment. Gordmans was sold to Sun Capital Partners, one of the largest private equity firms in the country, in September 2008. A successful initial public offering of common stock for Gordmans occurred in 2010, as well as a secondary public offering in 2012. About Revionics, Inc. Revionics is a global leader in profit ...

Gordmans Through The Years

... and West Maple Road. It is seen here on Jan. 5, 2015. KENT SIEVERS/THE WORLD-HERALD. Steven Oneal tags incoming shipments in the receiving area of the Gordmans distribution center at 9202 F St. on Nov. 7, 2012. KENT SIEVERS/THE WORLD-HERALD. The receiving area of the Gordmans distribution center at 9202 F St. is seen on Nov. 7, 2012. RYAN SODERLIN/THE WORLD-HERALD. Kathi Thompson, center, shops for back-to-school clothes with her daughters, Sienna, 8, left, Lexi, 12, and Brooklyn, 4, at the Gordmans at 17202 Lakeside Hills Plaza on July 30, 2013. KENT SIEVERS/THE WORLD-HERALD. Lindsay Huff, 15, shops the juniors department with her mom, Teri Huff, at Gordmans, 17202 Lakeside Hills Plaza in Omaha, on Feb. 17, 2014. KENT SIEVERS/THE WORLD-HERALD. Barb Dunn, a freight handler, moves racks of clothing in the Gordmans distribution center, on Nov. 7, 2012. KENT SIEVERS/THE WORLD-HERALD. Lindsay Huff, 15, shops the juniors department with her mom, Teri Huff of Omaha, at Gordmans, 17202 Lakeside Hills Plaza in Omaha, on Feb. 17, 2014. SARAH HOFFMAN/THE ...

Gordmans Reportedly To File For Bankruptcy After Long Struggle

... in three years in the third quarter of 2015 under Hall’s leadership. Sales stagnated or declined through 2016. Gordmans stock has been trading below $1 since September of last year. In November, the company received a “deficiency letter” from the Nasdaq market, on which the stock trades, saying that if the stock doesn’t rise above the $1-per-share requirement by May 1, it will be delisted from the exchange. At the time, James Brown, the company’s chief financial officer, said that it was only a matter of time before the stock would rise organically once the company reported improved operations and earnings. The company employed 350 people at its Aksarben Village headquarters in Omaha as of November; it laid off an undisclosed number of those employees in January, blaming a “current sluggish retail environment.”. Gordmans first offered shares to the public in 2010, and Sun Capital Partners, a ...

Department Store Chain Gordmans Files For Bankruptcy

... 106 discount stores. The Omaha, Nebraska-based company, which filed for Chapter 11 bankruptcy protection, had been working to reduce its expenses over the past several months and laid off an undisclosed number of workers at its headquarters in January because of what it called the "sluggish retail environment.". Gordmans posted losses in five of its last six quarters. And in its most-recent quarter, it reported a 9.4 percent drop in same-store sales last year. Chief Financial Officer James B. Brown said in documents filed in court that the company's sales declined because retail traffic slowed and less than 1 percent of Gordmans sales were made online in the past year. "Like many other apparel and retail companies, the debtors have fallen victim in recent months to adverse macro-economic trends, especially a general shift away from brick-and-mortar to online retail channels, a shift in consumer demographics, and expensive leases," Brown said. Gordmans stock has been trading below $1 since last fall. It fell Monday from 12 cents to 7 cents after the bankruptcy announcement. The company ...

Buzz-u.s. Stocks On The Move-intel, Horizon, Gordmans, Sunworks

... on March 14. [n L 3 N 1 GQ 3 O 9] * FATE THERAPEUTICS INC , $5.20, +8.33 pct The immunotherapy developer said FDA okayed human tests on its experimental immunotherapy, FATE-NK 100, and expected to begin first study in patients with acute myeloid leukemia. [n L 3 N 1 GQ 3 NG] * PATRIOT NATIONAL INC , $3.16, -7.60 pct Brokerage JMP Securities downgraded the insurance outsourcer's stock to "market perform" from "market outperform". [n L 3 N 1 GQ 3 ZO] * HORIZON GLOBAL CORP , $14.42, -5.81 pct Brokerage Seaport Global Securities downgrades the towing and trailer equipment manufacturer's stock to "neutral" from "buy" due to lower operating performance implied in Horizon's 2017 outlook. [n L 3 N 1 GQ 3 XU] * ADAPTIMMUNE THERAPEUTICS PLC , $5.38, +16.70 pct The company's fourth-quarter revenue beat the Street's average estimate for the first time, buoyed by a $17.4 million milestone payment from Glaxo Smith Kline. [n L 3 N 1 GQ 3 Q 5] * TURNING POINT BRANDS INC , $14.14, +6.72 pct The tobacco products provider's fourth-quarter sales jumped 15.2 percent, helped by strong demand for Zig-Zag 'Rillo cigar wraps and Zig-Zag cigarette papers. [n L 3 N 1 GQ 3 Z 9] * ...

Gordmans Is The Latest In A Quickly Growing List Of Newly Bankrupt Retailers

... retailer HHGregg ( HGG ) , backed by private equity firm Freeman Spogli Management, said last week that it has filed for Chapter 11 bankruptcy and reached a deal to sell itself to an undisclosed party. It was unclear why the buyer's identity is being withheld. In a press release, HHGregg said that it "has signed a term sheet with an anonymous party to purchase the assets of the company.". Jim Cramer loves these seven stocks for income. HHGregg declined to comment further. Debtor counsel Sarah Lynn Fowler and Jeffrey Hokanson of Ice Miller and Neil Herman of Morgan, Lewis & Bockius did not return a request for comment. "We've given it a valiant effort over the past 12 months," CEO Bob Riesbeck said in a statement. "We have conducted an extensive review of alternatives and believe pursuing a restructuring through Chapter 11 is the best path forward to ensure HHGregg's long-term success." The company said it's "fully committed" to operating about 132 stores after 88 are closed as part of a recently announced restructuring. HHGregg secured $80 million in debtor-in-possession financing from pre-petition lender and REIT ...

Two Words For The News On Gordmans

... trio of young humans to 48 th and Vine — now Stanley Healthcare Solutions — past the costume jewelry and the made-in-China women’s wear and make a beeline for Zooland. To the Elephant! To The Elephant. Where we would remain indefinitely, and sometimes longer. It’s been a long while since I thought about the Elephant Slide and its fiberglass friends, but Tuesday’s announcement of possible bankruptcy proceedings for Gordmans (Richman got dropped a few decades ago) brought it all back. How the Lincoln store I once frequented eventually morphed into a Half-Price Store and then moved across town with its Prince-like name: Gordmans. I quit shopping there when my kids outgrew Zooland and moved on to two-wheeled bicycles, the roller skating rink and loitering in the park next to Irving Middle School. And Tuesday, I learned that Gordy the Elephant, Vicki the Kangaroo, Gus the Hippo and Heidi the Camel live on at the Omaha Children's Museum. (The chain began in Omaha in 1915 and while each store had a zoo-themed play area, not all the animals ...

Gander Mountain, Radioshack, Gordmans Closing Stores

... Shack's president and CEO. The company said the "surprisingly poor performance of mobility sales" pushed it into another bankruptcy. Radio Shack has a FAQ page for customers concerned about the closures. For instance, if you have a holiday gift card, you need to use it. The closures will leave Radio Shack with about 1,300 stores. Gordmans, a discount retailer,  filed for bankruptcy Monday , and said it will liquidate all assets in all of its stores and retail centers. It operates 106 stores in 22 states. "Until further notice, all Gordmans stores are operating as usual without interruption," said Andy Hall, president and chief executive officer of Gordmans. "The management team and all of our associates remain committed to continuing to provide great merchandise and service to our guests during this process.". Retailers have announced closures in the past month, in part citing pressures from e-commerce or a need to realign themselves to better compete with e-commerce vendors. Copyright 2017 Raycom News Network. All rights reserved. Monday, March 13 2017 11:12 PM EDT 2017-03-14 ...

Gordmans Stores Said To Be Preparing For Bankruptcy Filing

... whose stores were all renamed Gordmans in 2000, eventually grew to more than 100 locations in 22 states. Private equity firm Sun Capital Partners bought the business in 2008 and took it public two years later. In recent years, Gordmans has struggled. Its growth slowed in 2014, and losses began to mount. The retailer has about $85 million in debt, with much of it due in 2020. Gordmans' stock price fell below $1 last year, and the Nasdaq Stock Market threatened the company with delisting. It was given until May 1 to regain compliance with listing rules. The stock fell as much as 42 percent, to 34 cents, on Monday after Bloomberg reported on the possible bankruptcy filing. Same-stores sales - a closely watched benchmark - fell more than 9 percent in the most recently reported quarter. The company also announced job cuts in January, citing the ...