Gordmans Registers $2.5 Million Loss in Third Quarter
December 10, 2010,
OMAHA, Neb.--Midwest retailer Gordmans Stores reported a net loss of $2.5 million in the third quarter ending on Oct. 30, compared to net income of $3.9 million in last year's third quarter.
Selling, general and administrative expenses jumped 39 percent on a dollar basis, and increased 952 basis points as a percentage of sales, to 47.3 percent.
For the fourth quarter, Gordmans expects net sales to range between $160 million and $165 million, which would reflect a same-store sales increase in the mid-single digits.