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.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...