follow us

Gottschalks eyes Federated/May locations

FRESNO , Calif. — Gottschalks Inc. is keeping a close eye on the Federated/May mega-merger and may be interested in acquiring locations vacated when the two eliminate redundancies where both currently maintain a presence.

Jim Famalette, president and CEO of Gottschalks, said during the company’s first quarter earnings conference call late yesterday that such sites may be right for the company — if the locations fall within “secondary markets” that the company targets.

Gottschalks reported a modestly narrowed first quarter loss of $2 million, improving on a prior-year deficit of $2.4 million. Sales at the regional department store chain were virtually flat, off 0.3 percent, to $144.4 million from $144.5 million last year. Same-store sales declined 0.6 percent.

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today