Gordmans Stores, an Omaha-based department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter.
The filing could come as soon as this month, said the people, who asked not to be identified because the process isn't public. Shares of the company have fallen more than 75 percent in the past year, battered by losses in five of the last six quarters.
Representatives for the retailer didn't immediately respond to requests for comment.
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Gordmans would become the latest victim in a retail industry suffering from sluggish mall traffic and a move by apparel shoppers to the internet. The shift has been especially rough on department stores, including regional chains that once enjoyed strong customer loyalty. Larger competitors such as J.C. Penney, Macy's and Sears Holdings also are closing hundreds of locations to cope with the slump.
Gordmans has one store in Lincoln in the Lincoln Crossing shopping center near 27th and Superior streets.