Thursday, March 23, 2017

Stage Stores may try to buy bankrupt retailer

Gordmans headquartersHouston-based retailer Stage Stores Inc. says it is seriously considering submitting an offer to Gordmans for the purchase of stores and assets so that it would operate at least some of the locations and one warehouse on an ongoing basis. That also would rescue at least part of the bankrupt Omaha retailer from total liquidation.

Any plan to settle the affairs of Gordmans, which filed for bankruptcy protection last week after years of cratering sales, would require approval by the bankruptcy court as being fair to creditors, such as landlords nationwide and lender Wells Fargo Bank. Total debts are $131 million.. . . more

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