Benzinga  Mar 19  Comment 
Shares of Gordmans Stores, Inc. (NASDAQ: GMAN) surged over 3 percent in after-hours trading after the company reported stronger-than-expected results for its fourth quarter. The Omaha, Nebraska-based company posted quarterly net income of $2.3...
Forbes  Sep 19  Comment 
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.  So let's look at two noteworthy recent insider buys.
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...


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]


  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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