Company Perspectives: What is Gordmans all about?
The Gordman family retail business grew in two directions during the s, expanding through both Richman Gordman Department Stores, Inc. A decade after Gordman's arrival, during the years immediately following World War II, a second store was purchased to the south of the original store.
He also owned an empty building. History: Stage Stores acquired a number of Gordmans outlets in as Gordmans declared bankruptcy and was liquidated. The company's stores sell name-brand clothing, shoes, accessories, and home fashion merchandise for up to 50 percent below department store prices.
Following a stint on Wall Street, Gordman earned his master's degree in management from the Sloan School at the Massachusetts Institute of Technology, intending to pursue a career in strategy consulting.
Gordmans was founded in the early 20th century in Omaha, Nebraska. In the midst of the expansion, Gordman acquired Richman's interest in the company and changed the name of the company's two stores to "Richman Gordman.
Essentially, an entirely new identity needed to be created for the company, prompting Gordman to remodel the stores, add themed sections for children and sports enthusiasts, and, as the final touch to the turnaround program, changing the name of the company.
Richman Gordman stores also were credited with introducing the racetrack concept to a retail store's layout, a design that enabled customers to find a particular department by following a path describing the perimeter of a store.
Modest in size and purpose, Richman's retail store occupied the same quarters for the next 20 years, never aiming to be more than a small shop until a Chevy convertible pulled into town driven by an energetic, year-old New Yorker.
Ina second store was opened in South Omaha, Nebraska and Gordman purchased Richman's remaining interest in the company, and changed the name to Richman Gordman.