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• Department store operator Gordmans said Monday that it has filed for bankruptcy protection and plans to liquidate the inventory of its 106 discount stores including six in the St. The Omaha, Neb.-based company, which filed for Chapter 11 bankruptcy protection, had been working to reduce its expenses over the past several months and laid off an undisclosed number of workers at its headquarters in January because of what it called the "sluggish retail environment."Gordmans posted losses in five of its last six quarters.And in its most-recent quarter, it reported a 9.4 percent drop in same-store sales last year. Brown said in documents filed in court that the company's sales declined because retail traffic slowed and less than 1 percent of Gordmans sales were made online in the past year."Like many other apparel and retail companies, the debtors have fallen victim in recent months to adverse macro-economic trends, especially a general shift away from brick-and-mortar to online retail channels, a shift in consumer demographics, and expensive leases," Brown said.FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; New York; San Francisco; London, England; and Sydney, Australia. All statements contained in this press release, which are not historical fact, may be considered forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.
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In addition, FBR Group announced that it would not close the previously disclosed recapitalization and sale of FNLC.Bill Ackman’s Pershing Square Capital Management is reportedly prepping two new fund vehicles, according to regulatory filings with the U. Neither filing detailed how much capital the two funds intend to raise.
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