Gordmans

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

... 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 optimization services and solutions. Our unparalleled analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes. The result: achieve speed to value and ROI, improve margins, drive top-line sales and respond faster with precision. Revionics' Saa S-based ...

Gordmans Reportedly To File For Bankruptcy After Long Struggle

... 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 private-equity firm based in Boca Raton, Florida, owns half of the company’s shares. A spokesman for Sun Capital declined to comment. The department store chain, with roughly 100 stores in the upper Midwest, is not the only struggling retailer – far from it. Among its stores is one located in Council Bluffs. Analysts have said the retailing industry is under ...

Gordmans Stores Said To Be Preparing For Bankruptcy Filing

... and decided to stick around. The two later married. The Richman Gordman chain, 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 "sluggish retail ...

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

... a precarious position right now. Moody's Investors Service recently said nearly 14% of its retail and apparel portfolio is now comprised of distressed issuers, which is the largest number since the Great Recession. The 19 names in Moody's portfolio have well over $3.7 billion in debt maturing over the next five years, with some 30% of that coming due by the end of 2018. A post shared by Andrew Shippin (@adshippin) on. Mar 4, 2017 at 11:06 am PST. S&P Global Ratings is fresh off issuing downgrades on four retailers: department store operator Macy's ( M ) , luxury retailer Neiman Marcus, young-women's fashion chain Charlotte Russe and thrift store operator Evergreen Acq Co 1. Macy's was cut to BBB- from BBB, which is one level above junk bonds. The ratings change comes after the company reported weak fourth-quarter results, partially ...

Gander Mountain, Radioshack, Gordmans Closing Stores

... "Despite aggressive actions to improve the efficiency of the company's retail operations and support functions, the underlying financial impact from underperforming stores and unproductive, excess inventory hampered efforts to create a sustainable path forward," it added. The following 32 stores will begin closing procedures in the next several weeks, according to media reports. Alabama – Gadsden, Mobile, Montgomery, Tuscaloosa. Georgia – Augusta, Mc Donough, Snellville. North Carolina – Raleigh, South Charlotte. Tennessee – Chattanooga. Texas – Houston, Killeen, Laredo, Lubbock, Round Rock, San Antonio, Sugar Land, Texarkana, Waco, West Houston. West Virginia – Charleston. Wisconsin – Eau Claire, Germantown. The company didn't disclose how many employees would be affected by the closures. The outdoor-goods retailer said it is in discussions with some parties ...

Gordmans Through The Years

... Samples of clothing hang from cubicles at Gordmans' Aksarben Village headquarters as the company decides what should be in its offerings in September 2015. KENT SIEVERS/THE WORLD-HERALD. Erika Reicks unboxes and tags perfume in the Gordmans distribution center at 9202 F St. on Nov. 7, 2012. RYAN SODERLIN/THE WORLD-HERALD. A Gordmans will be located at at the West Grayhawk commercial development area at 150 th Avenue 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 ...

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

... company's stock to "outperform" from "neutral". * PARKERVISION INC , $2.23, -15.67 pct The semiconductor technology developer files motion to end an International Trade Commission investigation, following a judge's ruling to not allow key evidence in the patent infringement case. [n L 3 N 1 GQ 3 OY] * OSIRIS THERAPEUTICS INC , $4.25, -18.27 pct The regenerative medicine developer said on Friday it received a letter from the Nasdaq notifying that its stock will be suspended from trading 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 ...

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

... party,” subsequently contacting about 80 additional prospects, both retailers and investors. There were no takers. By this month, after the company’s “financial position continued to deteriorate,” according to court filings, 100 or so bidders were again rounded up. Gordmans didn’t give details on what the bids were to continue operating the business, but they couldn’t have been worth much. “The debtors received bids for a potential going-concern sale, liquidation, or other transaction disposing of the debtors’ assets,” bankruptcy papers read. “The debtors and their advisors negotiated with multiple bidders, and ultimately determined. to liquidate substantially all of the debtors’ assets.”. Shares of Gordmans cratered Monday, as stockholders are usually left with nothing in a corporate liquidation, last in line to get paid after others such as creditors with collateral, and those without. Already battered, shares fell more than one-third to about 8 cents each in Nasdaq trading Monday; the shares had already lost almost all of their value in the 12 months ended Friday, the last day ...

Gordmans Stores Is Said To Prepare For Bankruptcy Filing

... dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Customer Support. Gordmans Stores Is Said to Prepare for Bankruptcy Filing. Shares of Midwestern retailer have fallen 75% in past year. Broader industry hit by sluggish traffic, e-commerce pressure. Gordmans Stores Inc. , a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The filing could come as soon as this month, said the people, who asked not to be identified because the process isn’t public. Shares of the Omaha, Nebraska-based company have fallen more than 75 percent in the past year, battered by losses in five of the last six quarters. Representatives for the retailer didn’t immediately respond to requests for comment. The most important business stories of the day. Get Bloomberg's daily newsletter. ...

Department Store Chain Gordmans Files For Bankruptcy

... of its 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 ...

Two Words For The News On Gordmans

... and always begged for a Richman Gordman stop when her family came to Lincoln on football Saturdays. She’d head straight for the back of the store and the kids’ playroom with the tacky and dated wallpaper. “I loved it,” said the 41-year-old now living in New York. The elephant seemed cavernous and its ears looked like “rooms to a little kid,” she said. “It seemed that kids would line up inside and have to wait to go down the slide.”. (For those who somehow missed the magic of the Elephant Slide, children walked into its empty belly and up a ramp, pivoting at the top to head down the slide — fashioned to look like the elephant’s trunk.). Camacho lives in San Antonio now, but even after her Zooland days she and her military husband shopped at Gordmans while he was stationed in Bellevue. “I saw the story about the bankruptcy last night,” she said Tuesday. “We loved that store.”. The story about Gordmans’ financial woes did not surprise me. I’ve lived through the death of Kresge's and Woolworths, Treasure City and Ben Franklin, the ending of downtown's homegrown and now seemingly quaint shops — Wells and Frost, Magee’s, Ben Simons, ...