Gordmans Stores, Inc. named Geoffrey Ayoub as senior vice president of planning, allocation and analysis. Mr. Ayoub joins Gordmans from EDCON.

Gordmans Stores, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended February 2, 2013. For the quarter, the company reported net sales of $202,460,000 compared to $185,148,000 a year ago. Income from operations was $12,821,000 compared to $16,301,000 a year ago. Income before taxes were $12,706,000 compared to $16,146,000 a year ago. Net income was $7,941,000 or $0.41 per diluted share compared to $10,207,000 or $0.53 per diluted share a year ago. For the full year, the company reported net sales of $607,692,000 compared to $551,476,000 a year ago. Income from operations was $38,131,000 compared to $40,895,000 a year ago. Income before taxes were $37,650,000 compared to $40,285,000 a year ago. Net income was $23,531,000 or $1.21 per diluted share compared to $25,173,000 or $1.30 per diluted share a year ago. The company expects first quarter fiscal 2013 net sales to be between $128 million and $130 million, which reflect a low double-digit comparable store sales decrease versus a 4.7% comparable store sales increase generated in the first quarter of fiscal 2012. The company expects diluted earnings per share for the quarter to be between $0.11 and $0.13 using a diluted share count of approximately 19.4 million shares. For fiscal year ending February 1, 2014, the company expects comparable store sales to be down low single digits but are projected to consistently improve as the year progresses. The company expects depreciation will increase by approximately $3 million or 48% compared to 2012. The company expects capital expenditure to be $16 million to $17 million during 2013.

Gordmans Stores, Inc. will continue its expansion strategy with the opening of 10 new stores in a combination of new and existing markets.