Burnsville's Gordmans, 4 Other MN Locations To Close

BURNSVILLE, MN — We some have bad news to report for fans of Gordmans; unless you live in Woodbury, that is.

The Nebraska-based department store has announced it will close five Minnesota locations:

• Burnsville
• Roseville
• Edina
• Coon Rapids
• Mankato

The Minnesota location that will remain open is the one in Woodbury. Why?

Last week, Stage Stores, Inc. announced that its subsidiary has prevailed in its bid to acquire select assets of Gordmans Stores, Inc. through a bankruptcy auction.

In a news release, Stage Stores said it plans to close the unprofitable locations, but will move forward with "the most desirable Gordmans locations," indicating there has been relative success for the store in Woodbury.

"We believe the Gordmans business model offers great potential and, without the burden of a high level of debt, unprofitable locations and an oversized infrastructure, we expect the Gordmans business will be accretive to our earnings," said Michael Glazer, President and Chief Executive Officer of Stage, in a statement.

"Gordmans’ stores are a natural complement to Stage, bringing beneficial diversification and scale to our business, while creating synergies through the use of our current infrastructure. By acquiring Gordmans, we believe that we have an opportunity to benefit from its off-price competencies, deep connection with a youthful customer, and strong home and gifts businesses," he continued.

"We are pleased to enhance our store portfolio with the most desirable Gordmans locations, giving Stage a strong Midwestern presence in markets generally larger than those we serve today."

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