About half of Gordmans stores may survive Gordmans Stores Inc. bankruptcy.

Stage Stores announced Thursday in a press release that its subsidiary will acquire select assets of Gordmans Stores, Inc. through a bankruptcy auction. Under the terms of the transaction, the Stage subsidiary will, subject to exceptions in the purchase agreement, acquire a minimum of 50 Gordmans store leases, with rights to assume leases for an additional seven stores and a distribution center.

According to Randi Sonenshein, senior vice president of finance and strategy, it is not known yet whether the American Fork Gordmans location will make the cut.

“The specific store list has not been disclosed,” Sonenshein wrote in an email Thursday evening. “There may still be negotiations over a few final locations so I can’t quote a date.”

Stores that do not make the list will be liquidated of their assets by Tiger Capital Group, LLC and Great American Group, LLC, pursuant to their joint bid with Stage.

“We believe the Gordmans business model offers great potential and, without the burden of a high level of debt, unprofitable locations and an oversized infrastructure, we expect the Gordmans business will be accretive to our earnings,” said Michael Glazer, president and CEO of Stage, in a press release. “Gordmans’ stores are a natural complement to Stage, bringing beneficial diversification and scale to our business, while creating synergies through the use of our current infrastructure. By acquiring Gordmans, we believe that we have an opportunity to benefit from its off-price competencies, deep connection with a youthful customer, and strong home and gifts businesses.”

Stage anticipates providing an update following the closing of the transaction. Stage operates 798 specialty department stores in 38 states and a direct-to-consumer channel under the Bealls, Goody’s, Palais Royal, Peebles and Stage nameplates.