Richman-Gordman

Richman-Gordman was a chain of department stores in the Midwestern United States, from 1937 to 1992. Richman-Gordman filed for Chapter 11 bankruptcy in 1992, and exited bankruptcy consolidated under subsidiary 1/2 Price Stores.

History
Richman-Gordman was created in 1937, when Dan Gordman took control of and renamed a 1,000 sq ft store called Outfitters to the Family, which had been opened by his father-in-law, Sam Richman, in 1915 in Omaha, Nebraska. The chain reached a total of nine stores by 1969. By 1987, the company had 12 Richman-Gordman stores and 14 1/2 Price Stores.

Following a lawsuit from Levi Strauss and Co over an unpaid shipment, as well as a handful of store closures and a $30 million cash infusion from CIT Financial, Richman-Gordman filed for Chapter 11 Bankruptcy on June 17, 1992. At this time, the company had a total of 26 stores between Richman-Gordman and 1/2 Price Stores. By January 1993, it had been announced that the last Richman-Gordman stores were to be converted to 1/2 Price Store model, with all other stores having been previously closed or converted.