Store Closing

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...

Earlier this month it was announced that Sears would close 26 of their stores, one of them being the Woodland Mall location. Documents filed to the state indicate that its last day will be on March 26 and 84 people will lose their jobs as a result (78 from the store and six from the auto center)...

On Wednesday, it was announced that 26 Sears stores will be closing, including the one at Woodland Mall in Kentwood. The Sears at Woodland has been there since 1968 but once it closes it will be replaced with Von Maur, a high-end department store, based out of Iowa...

I didn’t realize there were still 64 Kmart stores still open to close, but according to USA Today and Business Insider, they will close 64 stores by mid-December. The closings are across 28 states and will result in thousands of employees losing their jobs...