Low-end department store chain Gordmans, which specializes in apparel and accessories, including jewelry, has filed for Chapter 11 bankruptcy protection.
The 102-year-old company operates 106 stores in 62 markets and 22 states.
The Omaha, Neb.–based company said it’s entered into an agreement with Tiger Capital Group and Great American Group to liquidate its assets.
“Until further notice, all Gordmans stores are operating as usual without interruption,” said Andy Hall, president and CEO of Gordmans, in a statement.
(Photo courtesy of Gordmans)
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