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Real Estate & Retail

Fast-growing Gordmans plans new store in Avon

May 21, 2012
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GordmansThe Omaha-based fashion and home decor store Gordmans plans to open its first Indianapolis-area store in Avon in the Gables Crossing shopping center. The 50,000-square-foot store, scheduled to open in August, is planned for the center along Rockville Road west of Ronald Reagan Parkway, just east of Walmart and next door to Hobby Lobby. Gordmans, which has 78 stores in 18 states and bills itself as a more upscale version of the discount department store, offers brand-name and specialty store products at up to 60 percent off normal retail prices. Gordmans has stores in Evansville, Fort Wayne, Lafayette and Mishawaka. Private equity firm Sun Capital Partners, which owns Marsh Supermarkets, acquired Gordmans in 2008 and continued to hold a majority stake after it took the retailer public in 2010.

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