Gordmans Stores, the century-old discount department store chain, filed for bankruptcy with plans to liquidate its inventory and assets. Gordmans traces its roots to 1915, when Russian immigrant.Stage Stores (SSI), the operator of Gordmans, Bealls, and Goody’s retail stores, is reportedly looking to file for bankruptcy, which could happen as soon as next week.Century-old department store chain Gordmans Stores Inc filed for bankruptcy on Monday, the latest retailer to go bust as consumers increasingly turn to online shopping.Gordmans was a chain of Midwestern off-price department stores founded in Omaha, Nebraska. The chain was owned by Stage Stores since March 2017. In 2019, Stage Stores began converting other retail chains it owned into Gordmans stores.As a potential move in that direction, various new Gordmans locations will be opening throughout Gordmans will round out the month with 44 new openings on March 31, with the highest amount of.ST. LOUIS (KTVI) – Discount department store chain Gordmans filed for bankruptcy Monday morning and its owners announced plans to liquidate stores across the country.HOUSTON – Stage Stores announced Monday that the company has filed for Chapter 11 bankruptcy, according to a news release. The company owns Goody’s, Peebles and Gordmans.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.Gordmans’ bankruptcy filing follows its recent financial troubles. In January, Gordmans trimmed its non-store positions. The retailer’s recent earnings also indicated a decrease in sales and profit.Gordmans announced on Monday that it is filing Chapter 11 bankruptcy and plans to liquidate its remaining 106 stores spread across 22 states. The retailer stressed that the liquidation is pending a.
Gordmans Stores, the century-old discount department store chain, filed for bankruptcy with plans to liquidate its inventory and assets.Gordmans, an off-price retailer that once had several stores in the region, has locations at Burnsville Center and in Woodbury. Its parent company, Houston-based Stage Stores, filed for bankruptcy over.Screenshot www.gordmans.com. Gordmans Stores Inc., the century-old Omaha-based discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters.Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, people familiar with the matter tell Bloomberg News.Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy with Omaha, Nebraska-based Gordmans, which operates over 100 stores in 22 states and employs about.Stage Stores, Inc., the parent company of Gordmans, filed for voluntary petitions under Chapter 11 of the Bankruptcy Code late Sunday. According to a press release.In 2017, Gordmans filed for Chapter 11 bankruptcy with plans to liquidate its operations. Stage Stores bought Gordmans out of bankruptcy. “This is a very difficult announcement and it was a decision.The Gordmans bankruptcy shows that America has this part of the economy just right. Swift and possibly brutal but above all efficient.Retailer Gordmans Stores (NASDAQ:GMAN) files for Chapter 11 bankruptcy. The company operates 106 stores in 22 states. A deal has already been signed with Tiger Capital Group for the liquidation of.Gordmans announced Monday that it filed for Chapter 11 bankruptcy in Nebraska and entered into an agreement for the sale in liquidation of inventory and other assets of its stores and distribution centers.
On Monday Gordmans, the operator of 106 everyday value price department stores in 22 states, filed for bankruptcy, listing $274 million in assets and $131 million in total debts.Stage Stores, Gordmans’ parent company, announced it filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston.Gordmans added itself to the growing list of retailers closing up shop when the Omaha, Nebraska-based company announced this week that it filed for Chapter 11 bankruptcy.The company that owns and operates Gordmans stores has filed for bankruptcy and will begin the process of re-opening and selling off inventory at all of its stores, including the Sioux Falls location.A federal bankruptcy court on Wednesday approved Gordmans Stores’ liquidation plan that transfers the bulk of Nearly 50 more stores were closed during the bankruptcy, according to court documents.