Gordmans Stores’ President and CEO Jeff Gordman has resigned his post. According to the company, he's retiring to spend more time with his family as well as to pursue outside interests. Board Chairman T. Scott King will serve as interim CEO while the company searches for Gordman's successor. King will work closely with the company's current management team and board of directors to oversee the company's ongoing planned initiatives on a full-time basis. He will take an unpaid leave of absence from his position at Sun Capital Partners during his service with Gordmans.
Omaha, Neb. -- Midwestern discount department store retailer Gordman’s Stores said Friday that profit for the quarter ended April 28 rose 10.6% to $8.1 million, compared with $7.3 million in the year-ago period. Sales rose 13.8% to $133.9 million, from $117.7 million. Same-store sales climbed 4.7%. “We are pleased with our overall performance and remain confident in our ability to realize our sales and profit guidance for fiscal 2012," said Jeff Gordman, president and CEO. The retailer opened four stores and entered three new markets – Salt Lake City and Ogden, Utah, and Boise, Idaho – during the quarter.
New York City -- Gordman's will open its first stores in Utah, in March, according to The Salt Lake Tribune. The value-priced department store operator will open a store in Farmington’s Station Park shopping center on March 23, and also one in The District shopping center in South Jordan, the report said. A third store is set to open, in Riverdale, in July. “The Salt Lake MSA [metropolitan statistical area between Ogden and Provo] we see as a significant opportunity for us,” CEO Jeff Gordman said, in the report.