MICHAEL JAMES, CFO of Gordman’s Stores, bought 2,500 shares of Gordman’s Stores (Stock Symbol: GMAN) at $7.1 per share for a total amount of $18 thousand on December 17, 2013.
Gordman’s Stores is located in Omaha, Nebraska.
On December 2nd 2013, Gordman’s Stores announced quarterly results. Net sales for the thirteen weeks ended November 2, 2013 increased 5.8% to $151.3 million from $143.1 million for the thirteen weeks ended October 27, 2012. Net income for the third quarter of fiscal 2013 was $1.1 million, or $0.06 per diluted share, compared to net income of $4.0 million, or $0.21 per diluted share, in the third quarter of fiscal 2012.
According to Capital IQ, Gordman’s Stores has a market cap of $156 million, an enterprise value of $208 million, and trailing 12 month revenues of $630 million.
Net sales for the thirteen weeks ended November 2, 2013 increased 5.8% to $151.3 million from $143.1 million for the thirteen weeks ended October 27, 2012. Net income for the third quarter of fiscal 2013 was $1.1 million, or $0.06 per diluted share, compared to net income of $4.0 million, or $0.21 per diluted share, in the third quarter of fiscal 2012.
Gordmans Stores, Inc. is an everyday value price department store retailer featuring a selection of brands, fashions and styles at up to 60% of department and specialty store prices every day. The Company’s merchandise assortment includes apparel for all ages, accessories, footwear and home fashions. As of February 2, 2013, the Company operated 83 stores under the trade name Gordmans located in 18 states situated in a variety of shopping center formats, including regional enclosed shopping malls, lifestyle centers and power centers. The stores are comprised of 66 prototype locations with an average age and size of seven years and 54,000 square feet, respectively, and 17 legacy locations with an average age and size of 24 years and 68,400 square feet, respectively. The Company competes with Macy’s, Dillard’s, Kohl’s, J.C. Penney, Target, Wal-Mart, Old Navy, T.J. Maxx, Ross Stores and Stein Mart.
Michael James’s most recent annual compensation from Gordman’s is a salary of $272,000. Mr. James is 52 years old.
According to the biography, Mr. Michael D. James serves as Chief Financial Officer, Senior Vice President, Treasurer, Assistant Secretary of Gordmans Stores Inc. He joined the Company in 2006 and is Senior Vice President, Chief Financial Officer, Treasurer and Assistant Secretary. Prior to joining Gordmans, Mr. James was the Chief Financial Officer of AMCON Distributing Company from 1994 to 2006. His work experience also includes various positions at the firm now known as PricewaterhouseCoopers where he practiced as a Certified Public Accountant from 1984 to 1994.
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