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$280 million inventory being liquidated at Gottschalks

Fresno, Calif. – Inventory valued at approximately $280 million is being liquidated in the going-out-of-business sale at western regional department store chain Gottschalks.

Following final bankruptcy court approval on April 1, GOB sales started yesterday at all 58 locations in California and five other states – which will all be permanently closed by July 15.

Gottschalks filed for Chapter 11 on January 14.

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