Gordmans

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

... [. N] The Dow Jones Industrial Average was down 0.20 percent at 20,860.94, the S&P 500 was down 0.09 percent at 2,370.46 and the Nasdaq Composite was up 0.10 percent at 5,867.849. * INTEL CORP , $35.09, -2.28 pct * MOBILEYE NV , $61.15, +29.36 pct U. S. chipmaker Intel agreed to buy driverless technology firm Mobileye for $15.3 billion, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones.[n L 5 N 1 GQ 249] * BOEING CO , $178.27, -0.24 pct Morgan Stanley downgraded the world's biggest aircraft maker's stock to "equal-weight" from "overweight". [n L 3 N 1 GQ 3 JX] * GARTNER INC , $109.19, +3.06 pct Brokerage RBC Capital upgraded the IT research company's stock and raised its price target to $124 from $117. [n L 3 N 1 GQ 3 FW] * CEMPRA INC ,$3.78, +4.86 pct The drug developer retained Morgan Stanley as its financial adviser and to lead review of its strategic business options. [n L 3 N 1 GQ 3 HK] * HEAT BIOLOGICS INC , $1.03, +14.37 pct The immuno-oncology company said its drug, HS-110, in combination with Bristol-Myers Squibb Co's anti-PD-1 checkpoint inhibitor, met the safety endpoint ...

Gordmans Stores Said To Be Preparing For Bankruptcy Filing

... for the retailer didn't immediately respond to requests for comment. Gordmans would become the latest victim in a retail industry suffering from sluggish mall traffic and a move by apparel shoppers to the internet. The shift has been especially rough on department stores, including regional chains that once enjoyed strong customer loyalty. Larger competitors such as J. C. Penney, Macy's and Sears Holdings also are closing hundreds of locations to cope with the slump. Gordmans traces its roots to 1915, when Russian immigrant Sam Richman opened a clothing shop in Omaha. He later teamed up with a former Bloomingdale's executive, Dan Gordman, whose car broke down in Omaha en route to California. Gordman met Richman's daughter while he was waiting for his car to be repaired and decided to ...

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

... profitability. “I think regionals, they’re probably gone,” Simon said. “You just need that economy of scale. Either you’re really big or you’re really small. I think that’s where it’s going.”. 1 of 37. YANO MELANGAGIO/THE WORLD-HERALD. The Richman Gordman store at 1616 Burt Street in 1963. This location won a city beautification award. Customers enter the new Richman Gordman store in Council Bluffs in August 1973. The 97,000-square-foot store was at 1800 N. 16 th St. KENT SIEVERS/THE WORLD-HERALD. A Gordmans store in the throes of closing at 90 th Street and Military Road in Omaha on Feb. 27, 2017. RYAN SODERLIN/THE WORLD-HERALD. Gordmans headquarters in Aksarben Village is seen on March 13, 2017. ROBERT PASKACH/THE WORLD-HERALD. Richman Gordman Zooland: Bobby Katzman, 2, at the new store at 120 th and Blondo Streets in June 1967. RICH JANDA/THE WORLD-HERALD. Richman Gordman Zooland: The elephant slide was moved from the 73 rd and Blondo Streets location to a new store being ...

Gordmans Through The Years

... 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 WORLD-HERALD. Tiffany O'Connor of Papillion shops with son Cullin O'Connor, 6, at Gordmans on Aug. 7, 2015, in Council Bluffs during Iowa's sales tax holiday. Inside the Gordmans corporate headquarters at Aksarben Village. KENT SIEVERS/THE WORLD-HERALD. The receiving area of the Gordmans distribution center, 9202 F St., on Nov. 7, 2012. KENT SIEVERS/THE WORLD-HERALD. A Gordmans store in the throes of closing at 90 th Street and Military Road in Omaha on Feb. 27, 2017. SARAH HOFFMAN/THE WORLD-HERALD. A sign for ...

Gordmans Stores Is Said To Prepare For Bankruptcy Filing

... enjoyed strong customer loyalty. Larger competitors such as. J. C. Penney Co. , Macy’s Inc. and Sears Holdings Corp. also are closing hundreds of locations to cope with the slump. traces its roots to 1915, when Russian immigrant Sam Richman opened a clothing shop in Omaha. He later teamed up with a former Bloomingdale’s executive, Dan Gordman, whose car broke down in Omaha en route to California. Gordman met Richman’s daughter while he was waiting for his car to be repaired and decided to stick around. The two later married. Sun Capital. 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 ...

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

... 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," Gordmans CFO James Brown said in a declaration. Meanwhile, struggling appliances, electronics and furniture 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 ...

Gander Mountain, Radioshack, Gordmans Closing Stores

... products at a great value,” said Dene Rogers, Radio 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 ...

Gordmans Reportedly To File For Bankruptcy After Long Struggle

... on “rumor or speculation.”. The retailer has reported falling sales for years. It recruited a new president and chief executive, Andy Hall, to replace Jeff Gordman in 2014. It had seen some improvement under Hall, who added new merchandise to stores, launched a companywide cost-cutting initiative and halted what retailing analysts had deemed the chain’s excessive use of coupons and sales. The company reported its first positive same-store sales figure, which measures sales at stores open at least a year, 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 ...

Department Store Chain Gordmans Files For Bankruptcy

... 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 estimated its debts total between $100 million and $500 million. Gordmans did not give a time frame for the liquidation sale. It employs more than 5,000 people at its stores in 22 states in the Midwest. ...

Two Words For The News On Gordmans

... photo. Richman Gordman stores in Nebraska featured Zooland, a place for kids to play. If you were a stir-crazy stay-at-home mom in the late 1980 s in Lincoln, there was one place you could go on a cold winter day to reclaim your sanity. Richman Gordman. Richman Gordman was ostensibly a discount department store, a combination Kmart and Kohl’s, but to me it was, above all else, a free indoor playground. In the days before Lost in Fun, when Chuck E. Cheese’s was a birthday-only indulgence, the Elephant Slide and its Kangaroo counterpart, along with the less-lovable Hippo and Camel Climbing toys, were a beacon. I’d schlep my 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 Selects Revionics Markdown Optimization Suite To Optimize Clearance Strategies And Business Results

... and today its 106 stores span 22 states. An early adopter of markdown optimization software, Gordmans wanted to re-assess market options and ensure that it adopted the market-leading innovative markdown optimization solution.  As a result the company has entered into a three-year contract for Revionics Markdown Optimization Suite to drive enhanced margins, remain competitive in a fast-changing retail landscape, and ensure adherence with disciplined business processes. As a five-year user of a legacy markdown tool, the Gordmans team knew the value of a process-driven approach but wanted to ensure it leveraged a current-generation solution that incorporated advanced capabilities. Gordmans CIO Richard Heyman led a team through a rigorous assessment of market alternatives.  Heyman notes, "We were impressed by Revionics' overall capabilities and their aggressive solution development investment aligned with customer needs. We also like the way Revionics' Markdown Optimization capabilities align with our business processes and the level of specialized expertise they bring to ...