QUOTE AND NEWS
SeekingAlpha  Mar 27  Comment 
By Stephen Simpson, CFA: Discount retailer Gordmans Stores (GMAN) has been a falling knife since the fall of 2013, as the company has exacerbated a weak underlying retailing environment with poor merchandising decisions that have hit same-store...
SeekingAlpha  Mar 27  Comment 
By ValueBull Investor: Gordmans Stores Inc (GMAN) released it's earnings the other day, topping Street expectations as the company announced that their CEO, Jeff Gordman will be retiring. Both pieces of news were thought to be seen as positive...
DailyFinance  Mar 25  Comment 
OMAHA, NE -- (Marketwired) -- 03/25/14 -- Gordmans Stores, Inc. (the "Company" or "Gordmans") (NASDAQ: GMAN) today announced Jeff Gordman, President and CEO of Gordmans Stores, Inc. (NASDAQ: GMAN), tendered his resignation to the board of...
Wall Street Journal  Mar 25  Comment 
DailyFinance  Mar 25  Comment 
OMAHA, NE -- (Marketwired) -- 03/25/14 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home décor retailer, today announced results for its fourth quarter (thirteen weeks) and fiscal year (fifty-two weeks) ended February 1,...
StreetInsider.com  Mar 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Gordmans+Stores%2C+Inc.+%28GMAN%29+Tops+Q4+EPS+by+3c%3B+Guides+Q1+EPS+Below+Views/9313520.html for the full story.
DailyFinance  Jan 13  Comment 
OMAHA, NE -- (Marketwired) -- 01/13/14 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home décor retailer, today announced that the Company will present at the 16th Annual ICR XChange Conference today, January 13, 2014 at...
SeekingAlpha  Dec 4  Comment 
By Stephen Simpson, CFA: Relative to my feelings about Gordmans Stores (GMAN) nine months ago, a lot of my biggest worries have materialized and come home to roost, burying the stock under a mound of guano. Sluggish traffic is an issue across the...
Benzinga  Dec 3  Comment 
DRDGOLD (NYSE: DRD) shares fell 7.02% to reach a new 52-week low of $3.6356. DRDGOLD's trailing-twelve-month profit margin is -1.61%. Yamana Gold (NYSE: AUY) shares declined 2.68% to touch a new 52-week low of $8.34. Yamana Gold's PEG ratio is...
SeekingAlpha  Dec 3  Comment 
Gordmans Stores (GMAN) Q3 2013 Earnings Call December 02, 2013 4:30 pm ET Executives Jeffrey J. Gordman - Chief Executive Officer, President, Secretary, Director and Member of Nominating & Corporate Governance Committee Michael D....
DailyFinance  Dec 2  Comment 
Third Quarter Net Sales Increased 5.8%; Third Quarter Diluted EPS of $0.06OMAHA, NE -- (Marketwired) -- 12/02/13 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home décor retailer, today announced results for its third...




 
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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