Gottschalks Inc filed for Chapter 11 bankruptcy
Fresno, Calif. - Gottschalks Inc. (Pink Sheets: GOTT.PK) today announced that same store sales for the month of December decreased 9.6% from the prior year. Total sales for the four-week period decreased 11.5% to $99.8 million compared to $112.8 million in the same period of fiscal 2007.
On a year-to-date basis, which consisted of 48 weeks, same store sales decreased 9.9% from the comparable period of fiscal 2007. Total sales on a year-to-date basis decreased 11.5% to $529.9 million compared to $598.5 million in the same period of the prior year. The Company operated one less store for the month and the year-to-date periods compared to the same periods in fiscal 2007.
Local Gottschalks locations
Auburn | Sacramento | Yuba City | Woodland. | Elk Grove
Gottschalks is a regional department store chain, currently operating 58 department stores and three specialty apparel stores in six western states, including California (38), Washington (7), Alaska (5), Oregon (5), Nevada (1) and Idaho (2). Gottschalks offers better to moderate brand-name fashion apparel, cosmetics, shoes, accessories and home merchandise.
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