Department store chain Gordmans files for bankruptcy - KWWL - Eastern Iowa Breaking News, Weather, Closings

Department store chain Gordmans files for bankruptcy

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(AP) -
Department store operator Gordmans is filing for bankruptcy protection and plans to liquidate the inventory of its 106 discount stores.
   The Omaha, Nebraska-based company announced Monday it had filed for Chapter 11 bankruptcy protection.
   Gordmans had posted losses in five of its last six quarters. It's stock price fell to 6 cents a share Monday after the announcement.
   Gordmans did not give a time frame for the liquidation sale. It has stores in 22 states.
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