Friday, October 20, 2017

Gordmans wins OK for liquidation plan

Gordmans will get a second life after bankruptcy under the Stage umbrella. That is just one of a handful of outcomes we’ve seen during a year of record bankruptcy filings that have ended in liquidations, sales and a growing number of reorganizations intended to save retailers as independent going concerns.

Founded just over 100 years ago, Nebraska-based Gordmans Stores was once a fixture in the Midwest. After opening a group of stores that sold department store merchandise at a discount in 1975, the company went on to operate more than 100 stores at its height. . . . more

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