Banking & Finance and Retail

Department store chain files for bankruptcy

March 15, 2017
| By Pat Evans |
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National department store chain expands into West Michigan
Gordmans department stores sell clothes and home décor products. Courtesy Gordmans

A department store chain with a pair of locations in the region has filed for bankruptcy.

Omaha, Nebraska-based Gordmans filed for chapter 11 bankruptcy on Monday.

Locations of the apparel and home décor retailer will remain open, according to a statement from the company, including its locations at RiverTown Crossings in Grandville and in Norton Shores.

However, the bankruptcy announcement also noted that the company has entered into a liquidation agreement with Tiger Capital Group and Great American Group.

In January, the company announced it will consolidate its workforce of non-store employees.

The retailer expanded into the Grand Rapids area in 2014 and cited its “low every day” prices, according to a Business Journal report. The Grandville store employs about 100 people.

Gordmans was founded in 1915 and has 106 stores in 22 states.

Gordmans is the latest retailer in the first quarter of 2017 to experience hard times.

Sears, Kmart and Macy’s all announced closings that will affect West Michigan.

Two Grand Rapids-based retailers have also declared bankruptcy this year: MC Sports and Family Christian.

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