Century-old value department store calls it quits

Gordmans Stores is the latest chain to file for bankruptcy.



The 100-year-old chain announced on Monday, March 13, that it filed Chapter 11 in the United States Bankruptcy Court for the District of Nebraska.



The chain has an agreement with Tiger Capital Group, LLC and Great American Group, LLC for the firms to liquidate inventory and other assets across all retail stores and distribution centers. The final outcome of the filing and liquidation sale is subject to the oversight and approval of the Bankruptcy Court, the chain said.



"Until further notice, all Gordmans stores are operating as usual without interruption," said Andy Hall, president and CEO of Gordmans. "The management team and all of our associates remain committed to continu-ing to provide great merchandise and service to our guests during this process.”



The company, which is headquartered in Omaha, operates 106 stores in 62 markets and 22 states.