Gordmans Optimizes Clearance Strategies

Editor's Note: Gordmans Stores, Inc. announced on March 13th it has filed for bankruptcy. Concurrently, Gordmans announced that it has entered into an agreement with Tiger Capital Group, LLC and Great American Group, LLC for the sale in liquidation of the inventory and other assets of Gordmans' retail stores and distribution centers.
 

Apparel and home fashions retailer Gordmans has been in business for more than 100 years and today its 106 stores span 22 states. An early adopter of markdown optimization software, Gordmans wanted to re-assess market options and ensure that it adopted a modern markdown optimization solution.  As a result the company has entered into a three-year contract for Revionics Markdown Optimization Suite to drive enhanced margins, remain competitive in a fast-changing retail landscape, and ensure adherence with disciplined business processes.

As a five-year user of a legacy markdown tool, the Gordmans team knew the value of a process-driven approach but wanted to ensure it leveraged a current-generation solution that incorporated advanced capabilities. Gordmans CIO Richard Heyman led a team through a rigorous assessment of market alternatives. 

Heyman notes, “We were impressed by Revionics’ overall capabilities and their aggressive solution development investment aligned with customer needs. We also like the way Revionics’ Markdown Optimization capabilities align with our business processes and the level of specialized expertise they bring to the table. They emerged as our clear vendor of choice.”