Gordmans, the Omaha-based apparel and home decor retailer, broke ground this week on a new 545,000-square-foot distribution center in the Indianapolis area. When completed, the new center will support the retailer’s continued expansion.
Including construction, equipment and technology, the new Indianapolis center represents a $37.5 million investment. The facility will open in summer 2014 and is expected to create up to 250 new jobs by 2017.
Gordmans, which has been in expansion mode for the last several years, opened 15 new stores in the last two years, nine in 2012 and six in 2011.
“We are extremely excited to open this distribution center, which is so critical to our continued expansion plans in 2014,” said Jeff Gordman, the company’s president and CEO.
The company currently operates a distribution center at 92nd and F Streets in Omaha. Gordmans plans to open 10 new stores this year in Albuquerque, N.M.; Milwaukee; Louisville, Ky.; Peoria, Ill.; and other cities.
In an annual report issued this week, Gordmans Inc. said its net income for fiscal year 2012 was $23.5 million, compared with net income of $25.2 million for fiscal year 2011, according to documents filed with the U.S. Securities and Exchange Commission. The company attributed the decrease to a 0.7 percent decrease in comparable store sales.
However, net sales for fiscal year 2012 increased $56.2 million to $607.7 million, up 10.2 percent compared with $551.5 million in net sales for fiscal year 2011. The company said the increase was mainly the result of a $54.4 million increase in noncomparable store sales stemming from the opening of nine new stores.
In March, the growing company broke ground on new corporate offices at Aksarben Village near 67th and Frances Streets for up to 330 employees.
Gordmans, founded in 1915, assumed its current retail format in 1996 when Jeff Gordman took the helm. The publicly traded retailer currently operates 86 stores in 18 states.
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