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Neil Woodford, Britain’s most prominent income investor, has come down firmly on the side of those who think the oil giants’ dividends are unsustainable. “I believe that both BP and Shell have unsustainable dividends that are being financed by a combination of debt and asset disposal.

In effect, these companies are liquidating themselves rather than facing up to the need for a dividend cut,” he wrote in his blog on Friday.

The Norton Shores store opened about three years ago.

Insurance for loss incurred by directors, officers, fiduciaries or transaction professionals as a result of their service in crisis or complex risk situations or in connection with a transaction.

In a statement, Gordmans president and CEO Andy Hall said, “Until further notice, all Gordmans stores are operating as usual without interruption.” Gordmans has posted losses in five of the past six quarters, and its stock price had fallen to around a dime a share.

Private equity firm Sun Capital Partners bought the business in 2008 and took it public two years later. Same-store sales fell more than 9 percent in the most recently reported quarter.

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