QUOTE AND NEWS
SeekingAlpha  Sep 18  Comment 
By Stephen Simpson, CFA: Six months ago I described Gordmans Stores (NASDAQ:GMAN) as a "falling knife", but since then the shares have acted more like a sharknado. The stock's 45% drop since then can't be explained away by a difficult environment...
Forbes  Aug 28  Comment 
In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 1.6%.  Helping drag down the group were shares of Gordmans Stores (GMAN), off about 10.6% and shares of Guess (GES) off about 8.8% on the day.
SeekingAlpha  Aug 28  Comment 
By SA Transcripts: Gordmans Stores, Inc. (NASDAQ:GMAN) Q2 2014 Earnings Conference Call August 27, 2014 4:30 p.m. ET Executives Andy Hall – President and Chief Executive Officer Mike James - Chief Financial Officer Mike...
StreetInsider.com  Aug 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Stifel+Maintains+Gordmans+%28GMAN%29+at+%27Hold%27+Following+New+CEO+Appointment/9768179.html for the full story.
DailyFinance  Aug 19  Comment 
OMAHA, NE -- (Marketwired) -- 08/19/14 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home decor retailer, has named Andrew T. Hall president and chief executive officer effective August 19, 2014. Hall also was appointed to...
Benzinga  Jun 25  Comment 
Coach (NYSE: COH) shares reached a new 52-week low of $33.82. Bank of America downgraded Coach from Undefined to Underperform. Ply Gem Holdings (NYSE: PGEM) shares fell 2.67% to touch a new 52-week low of $9.86. Ply Gem shares have dropped...
Benzinga  May 29  Comment 
Spherix (NASDAQ: SPEX) dropped 37.57% to $2.16 after jumping 16.50% on Wednesday. Spherix announced a $20 million registered direct offering of preferred stock. Tilly's (NYSE: TLYS) shares fell 20.20% to $8.44 after the company reported its Q1...
StreetInsider.com  May 29  Comment 
Astrotech (NASDAQ: ASTC ) 37.5% HIGHER; announced a major step in its strategic evolution with the signing of a definitive agreement to sell the assets constituting its Astrotech Space Operations business (ASO) to Lockheed Martin Corporation...
SeekingAlpha  May 29  Comment 
Gordmans Stores, Inc. (GMAN) Q1 2014 Results Earnings Conference Call May 28, 2014 4:30 PM ET Executives Scott King - Interim Chief Executive Officer Mike James - Chief Financial Officer Mike Wirkkala - Chief Operating Officer ...
StreetInsider.com  May 28  Comment 
Tilly's (NYSE: TLYS) 23.1% LOWER; reported Q1 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $111.1 million versus the consensus estimate of $113.22 million. Comparable store sales, which include...




 
TOP CONTRIBUTORS

Gordmans Stores (NASDAQ:GMAN): is a low price retailer which sells designer and fashionable wear at up to 60% less than department and specialty stores. The majority, 53%, of the company's total revenue comes from apparels. The remainder comes from home fashion and accessories. Gordmans focuses on differentiating itself from its competitors by offering large savings, a broad selection of fashion oriented apparel and goods, and a fun and entertaining shopping environment. Gordmans physicals stores are generally 50,000 square feet which tends to be far larger than other discount retailers such as TJ Maxx, Ross Stores (ROST), or Stein Mart (SMRT).[1]

GMAN has pushed to expand its size in throughout the mid 2000s. The company enlarged its number of stores by 55%, or 23 new stores, between 2004 and 2008. It also acquired a series of national brands in order increase its youth lines.[2] However, with only 68 stores, the company expects that it can increase the number of stores by 10% each year for the next several years.[3]

The company's initial public offering of stock is filed on the NASDAQ and and occurred on August 4th, 2010. Its initial price range was $13-$15, but it priced below the range at $11. The company offered 5.4M, making the deal worth $59.4M. The lead underwriters of the deal were Piper Jaffray Companies (PJC) and Wells Fargo (WFC). The was acquired by the private equity firm Sun Capital in September 2008 for $56M. 40% of the returns from the IPO will go back to insiders.[4]

Gordmans Stores has had relatively flat revenue for both 2009 and 2008 - $433M and $437M respectively. However, net income fell slightly from $5.4M in 2008 to $4.4M in 2009. This corresponds to a 19% drop. However, the company did experience an increase a 4.6% comparable same store sales growth.[5]

References

  1. GMAN S-1/A 2010 "Summary" pg1-2
  2. GMAN S-1/A 2010 "Recent Initiatives and Accomplishments" pg2-3
  3. GMAN S-1/A 2010 "Our Growth Strategy" pg3
  4. Renaissance IPO - Gordmans Stores highlighted as Renaissance Capital's Featured IPO 3 Aug 2010
  5. GMAN S-1/A 2010 "Basis of Presentation and Results of Operations" pg34-38
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