Gottschalks eyes Federated/May locations
June 2, 2005,
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.
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.