Gottschalks to grow home assortment
November 30, 2005,
FRESNO, Calif. -- After generating lower than expected sales in the home division, Gottschalks will place a greater emphasis on textiles, tabletop and housewares -- weaker-performing home categories for the retailer, executives said during their third-quarter earnings call late yesterday.
The company reported a modestly widened third quarter loss of $1.6 million, compared with a year-before deficit of $1.5 million. Overall, sales improved 2.3 percent to $150.5 million. But comps dipped 0.5 percent.