Gordon Companies Files for Chapter 11 Bankruptcy

Gordon Companies Inc. filed for Chapter 11 bankruptcy protection on Monday in the Western District of New York. The company disclosed estimated assets between $10 million and $50 million and liabilities within a similar range.

It reported having between 200 and 999 estimated creditors, with FedEx and UPS among the 20 creditors holding the largest unsecured claims. Gordon said it paid Vision33 more than $2 million for an ordering and warehouse‑operations system that never performed as promised. Founded in 1977 and still family‑run, the retailer employs about 350 associates and operates over 400,000 square feet of warehouse and distribution space.

“Because Gordon could not fulfill orders at the rate its sales channels required, Gordon was forced to suspend selling on certain marketplace channels, and at least one major retail partner, Target, imposed a one‑week shipping delay on Gordon’s listings,” Gordon said.

Gordon was founded in 1977 and has remained a family‑operated business, with David Gordon serving as president and CEO. The company lists Target, Kohl’s, Home Depot, Walmart, Amazon, Lowe’s and Michaels as retail partners. Earlier this month it filed an amended complaint against Vision33, alleging the SAP reseller’s system failed to handle holiday‑peak order volume.

What we know

• Gordon Companies Inc. filed for Chapter 11 bankruptcy protection on Monday.

• The company’s estimated assets are valued between $10 million and $50 million.

• The company’s estimated liabilities are within a similar range ($10 million–$50 million).

• Gordon has between 200 and 999 estimated creditors.

• Gordon paid Vision33 more than $2 million for an ordering and warehouse operations system that never performed the function for which it was bought.