OMAHA, Neb. — Department store operator Gordmans is filing for bankruptcy protection and plans to liquidate the inventory of its 106 discount stores.
Gordmans has stores at Southpark Mall in Moline and at 3860 Elmore Ave. in Davenport.
The Omaha, Nebraska-based company announced Monday it had filed for Chapter 11 bankruptcy protection.
Gordmans had posted losses in five of its last six quarters. It's stock price fell to 6 cents a share Monday after the announcement.
Gordmans did not give a time frame for the liquidation sale. It employs about 5,000 people at its stores in 22 states.