Who is gordmans owned by?
Stage Stores
Gordmans/Owners
Stage Stores acquired the Gordmans’ assets in March 2017 after becoming the winning bidder in a bankruptcy sale. The company announced that it planned to run at least 50 stores and one of Gordmans’ distribution centers.
Why did Gordmans go out of business?
Gordmans owner files for bankruptcy ‘after exhausting every possible alternative’ Stage Stores announced it has filed for Chapter 11 bankruptcy in response to the coronavirus pandemic. The company says they have been unable to “obtain necessary financing” since temporarily closing their stores.
What brand of jeans does Gordmans sell?
LEVIS: One of the most iconic denim brands is at Gordmans in the fits, washes and low prices you love!
Is gordmans like TJ Maxx?
Stage Stores, the Texas company that bought Gordmans out of bankruptcy, has plans to turn the chain into an off-price retailer like TJ Maxx or Burlington, Stage Chief Executive Michael Glazer said Thursday. Gordmans’ current business model is a hybrid between a department store and an off-price retailer.
Is gordmans similar to Marshalls?
Gordmans is an off-price concept, similar to Marshall’s or TJ Maxx.
What does Burke’s Outlet sell?
At Burkes Outlet, you’ll find a wide selection of apparel, shoes, handbags, even housewares, toys and furniture, from your favorite brands, designers and brand names every day—always at prices up 70% off what you would find in other stores.
What is an off price department store?
The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to other stores which purchased an initial run. Among the largest retailers of this type are TJX Companies and Ross Stores.
What are the three main types of off price retailers?
There are at least three types of off-pricers: factory outlet stores or direct manufacturer’s outlets, independents, and club or members-only operations. Factory outlets are owned and operated by manufacturers.