Forman Mills
CRE Intelligence
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About Forman Mills
Forman Mills is a discount retail chain that specializes in affordable apparel, footwear, and home goods, with a particular focus on serving urban and value-driven communities. The company traces its roots back to 1981, when founder Rick Forman began selling clothing from a flea market stand in South Jersey. This entrepreneurial start led to the opening of the first store in Philadelphia, setting the stage for steady expansion across the Mid-Atlantic and Midwest.
Over the past five years, Forman Mills has continued to evolve by targeting both urban and suburban neighborhoods, often revitalizing second-generation retail sites that might otherwise remain vacant. Since being acquired by Goode Partners in 2016, the company has pursued a strategy of steady growth and operational improvement. As of November 2025, Forman Mills operates approximately 44 stores across 11 states, including key markets such as Pennsylvania, New Jersey, Maryland, Michigan, Illinois, and Ohio. Recent years have seen the retailer open several new locations in the Midwest and Southeast, with an active search for additional sites in underserved areas.
Forman Mills is recognized for its ability to anchor community shopping centers and breathe new life into large-format retail spaces. Its consistent expansion and focus on value make it a reliable presence in markets that benefit from affordable retail options. The company’s track record and scale, combined with its ongoing growth posture, have established Forman Mills as a significant and credible player in the discount retail sector.
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