Gordmans

The store is expected to close in May.

It was just last week when there were "rumors" that Gordmans was preparing to file for bankruptcy but the company has finally confirmed them to be true. Bloomberg reports that the discount department store filed for Chapter 11 (bankruptcy protection) on Monday March 13, stating $131 million in debt...

In the words of DJ Khaled: "Another one" or in the words of Queen: "Another one bites the dust." Lately all we've been hearing about are stores closing or filing for bankruptcy and Gordmans could potentially be the latest one. Bloomberg reports that the department store's shares have fallen more than 75% just in the last year...