Gordmans Same-Store Sales Dive in Q4
January 15, 2013,
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."