operates 103 stores in 22 states, along with an online shopping site that
allows guests to shop anytime, anywhere.
company was started by Sam Richman, a Russian immigrant, who opened a small
clothing store in Omaha. A few years later, he was joined by Dan Gordman, a
former Bloomingdales executive who was headed west to start a new career. Dan’s
’32 Chevy, bound for California, broke down in Omaha. While awaiting repairs,
Dan met Esther Richman, daughter of Sam Richman, whom he would soon marry. His
fated stop for car repairs also led to a lifelong business relationship with
her father, Sam. Out of this, Richman Gordman stores were born.
prospered, leading to progressively faster expansion. Over several decades, the
company added stores in Omaha and elsewhere in Nebraska, along with communities
in Iowa and Kansas. Centralized checkouts, shopping carts, self-service shoe
departments and racetrack-shopping configurations for easier store navigation
were all introduced by Dan.
1975, a second group of retail stores, Half Price Stores, was launched. By
1990, the company had grown to 16 Richman Gordman stores and 16 Half Price
Stores. In 2000, all of the stores were renamed Gordmans.
was sold to Sun Capital Partners, one of the largest private equity firms in
the country, in September 2008. A successful initial public offering of common
stock for Gordmans occurred in 2010, as well as a secondary public offering in
Hall was named president and chief executive officer of Gordmans, as well as a
member of the company’s board of directors in August 2014 – positions which he
still holds today.
2012 to 2014, Gordmans increased its store base by over 30%. In fiscal year
2014, revenues reached $635 million. In 2015, the Company will open six new
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.
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, noting Gordmans’ gRewards Loyalty program and focus on ‘destination’
businesses such as juniors, misses, young men’s apparel and home décor.
“We’ve proved that saving money never goes out
of style,” said Mr. Hall. “And I think it’s safe to say that delighting guests
with the latest fashion trends in name brand apparel and home décor at
incredible values is at the foundation of this impressive milestone. Our 5,300
associates are passionate about delivering value, every day.”