Gordmans files for bankruptcy, will close all stores

Gordmans Files for Bankruptcy to Close All Stores

Per their bankruptcy agreement, the chain will liquidate its inventory and other assets of its retail stores and distribution centers.

Omaha-based Gordmans Stores filed for bankruptcy Monday, listing total debt of $131 million in Chapter 11 papers. "These trends have directly affected the Debtors' sales and operations".

Gordmans has two stores in the Fox Cities at 4741 W. Lawrence St.in Grand Chute, next to Ashley Furniture, and 3825 E. Calumet St., on Appleton's east side. Gordmans has a store in Normal at the Shoppes at College Hills. It employs more than 5,000 people at its stores in 22 states in the Midwest. He was later joined by Dan Gordman, a former Bloomingdales executive who eventually married Richman's daughter Esther.

Gordmans' potential fate is part of a national trend of retailers struggling as foot traffic in malls continues to decline.


The company says the chain will operate as usual without interruption for now.

Gordmans had posted losses in five of its last six quarters.

Gordmans did not give a time frame for the liquidation sale.

Sun Capital Partners purchased Gordmans in September 2008.

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