In the latest retail victim of the shift to online shopping, Gordmans Stores Inc. (GMAN) is reportedly planning to file bankruptcy as soon as this month, Bloomberg reports, citing anonymous sources.

The Omaha, Neb.-based department store chain, with 106 locations in 22 states, is owned by Sun Capital Partners, which bought the business in 2008 and took it public in 2010. Since then, shares have lost 98.3 percent of their value and are now trading near $0.20 per share. (See also, ‘Year of Retail Bankruptcies’ Looms)

The company announced on Jan. 27 that it would cut jobs “to better compete in the current sluggish retail environment.” Gordmans last reported quarterly sales that declined by nine percent.

Gordmans is…