× Thanks for reading! Log in to continue. Enjoy more articles by logging in or creating a free account. No credit card required. Log in Sign up {{featured_button_text}}

Omaha-based discount store chain Gordmans declared bankruptcy Monday and said in a news release that its stores will be liquidated, a step that usually leads to dissolution of the company and closing of stores.

That is likely to spell the end of the century-old retailer, which has a store in the Lincoln Crossing shopping center near 27th and Superior streets.

Gordmans did not give a time frame for liquidating its stores, saying only that it has entered into an agreement with Tiger Capital Group LLC and Great American Group LLC to liquidate the inventory and other assets of its retail stores and distribution centers.

"Until further notice, all Gordmans stores are operating as usual without interruption," Andy Hall, president and chief executive officer, said in the news release.

Gordmans, which operates more than 100 stores in 22 states and employs about 5,100 people, is the latest victim in a retail industry suffering from sluggish mall traffic and a move by shoppers to the internet.

The shift has been especially rough on department stores, including regional chains such as Gordmans that once enjoyed strong customer loyalty.