Gordmans Same-Store Sales Dive in Q4

OMAHA, Neb.-In a preliminary report on its fourth-quarter performance, Gordmans said same-store sales for the quarter through Jan. 12 were down 4.6 percent.

Jeff Gordman, the department-store retailer's president and CEO, attributed the decline to sales decreases in seasonal and "merchandise offerings in several categories that lacked sufficient breadth of selection. We are aggressively managing inventories to ensure that we are well positioned as we transition into the first quarter of fiscal 2013, which will negatively impact our margins for the fourth quarter."

Based on the same-store sales drop, Gordmans said it now expects net revenue for the quarter to finish at $203 million, representing an increase of 9.7 percent over the fourth quarter of last year. Gordmans opened nine new stores in this fiscal year, the most it has opened since 2005, and is planning on 10 new store openings next fiscal year.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money