Nebraska retailer Gordmans closing all stores
Gordmans, an over 100 year old retailer based in Omaha, NE, has filed for bankruptcy and is closing it's doors.
The discount department store filed for bankruptcy Monday and released a statement saying that it plans to liquidate all store locations. There was no indication, however, of when those closings would begin.
According to Gordmans President and CEO, Andy Hall, "Until further notice, all Gordmans stores are operating as usual without interruption. The management team and all of our associates remain committed to continuing to provide great merchandise and service to our guests during this process"
The company's website also remains open for business, with a a banner on the homepage reading "YES WE'RE OPEN" and this statement "It’s business as usual in our stores and Gordmans.com! In light of our recent decision to file Chapter 11 bankruptcy, rest assured that you’ll still find the same great values, styles and exceptional service. Our doors are open – and spring is waiting!"
Gordman's closure comes after several years of steady decline in stock prices, down to just over 10 cents a share on Friday.