Report: Midwestern retailer to file Chapter 11

A value-oriented regional department store chain could be the latest retail casualty.



Gordmans Stores Inc. is preparing to file for bankruptcy, Bloomberg reported, saying the filing could occur as soon as this month.



Founded in 1915, the Omaha-based retailer operates 106 stores in 22 states.



Gordmans has racked up losses in five of the last six quarters. At the end of January, the company announced a workforce “consolidation” and streamlining to better compete in the “sluggish retail environment.”