Gordmans will celebrate its 100th anniversary in 2015. “We are proud of Gordmans’ heritage and its mission of delighting guests with the latest trends in name brand merchandise and home décor at incredible values of up to 60% off department store prices. We take pride in the fact that Gordmans is one of the few American companies that has been in business for nearly 100 years ― a testament to our 5,300 associates who passionately believe in and deliver Gordmans’ mission,” said Andy Hall, president and chief executive officer. “Looking toward the future, we will continue to build our national brand portfolio and further enhance the guest experience as Gordmans continues to grow by adding stores and eCommerce channels.”
Today, Gordmans operates 98 stores in 21 states. The company’s story began in 1915 when Russian immigrant Sam Richman opened a small Omaha retail clothing store in Omaha, Nebraska. Years later in a ’32 Chevy bound for California, Dan Gordman left his job at Bloomingdale’s in New York in 1936 for a career of his own making. Dan headed west to seek his fortune but only made it as far as Omaha. His fated stop for car repairs led Dan to a lasting romance with Esther Richman and a lifelong business relationship with her father Sam.
With the addition of Dan Gordman to the family, Sam gained not only a new son-in-law, but a new business partner as well. Inventive and sharp, Dan quickly energized the small company. Out of this relationship, Richman Gordman was born.
Richman Gordman prospered, leading to progressively faster expansion. Over several decades, the company added additional stores in Omaha and elsewhere in Nebraska along with communities in Iowa and Kansas. Centralized checkouts, shopping carts, and self-service shoes were all introduced to the Midwest by Dan and his growing retail chain. In 1975, a second group of retail stores, Half Price Stores, was launched. In 1990, the company had grown to 16 Richman Gordman stores and 16 Half Price Stores. By 2000, all the stores were renamed Gordmans.
Jeff Gordman, whose great grandfather founded the predecessor company, joined the Company in 1990, and was president and CEO from 1996 until he retired in March 2014 to pursue outside interests. In September 2008, Jeff Gordman sold the company to Sun Capital Partners, one of the largest private equity firms in the country. He led a successful initial public offering of common stock for Gordmans in 2010 as well as a secondary public offering in 2012.
Andy Hall was named president and chief executive officer of Gordmans and a member of the company’s board of directors in August 2014.
Over the past three years, Gordmans has expanded its store base by nearly 40%. For fiscal year 2013, Gordmans revenues were $620 million. In 2014, Gordmans will open seven new stores. It recently opened a 545,000-square-foot distribution center in Indianapolis, which will enable Gordmans to service more than 200 stores.
Gordmans believes in giving back to the communities in which it operates. Since 2000, Gordmans has supported Partners in Education and has contributed more than $1 million to public school systems in markets where Gordmans has stores.
In 2012, Forbes magazine ranked Gordmans No. 29 on its 2012 list of America’s 100 best small-cap companies based on sales and earnings growth. Apparel magazine ranked Gordmans No. 48 on its 2014 list of the Top 50 leading apparel retailers, recognizing Gordmans’ gRewards Loyalty program as well as its focus on “destination” businesses for consumer segments such as juniors, misses, young men’s apparel and home décor.