Gottschalks halves last year's loss
May 28, 2004,
FRESNO, Calif. — Helped by a combination of stronger same-store sales, improving margins and lower costs, Gottschalks Inc. reported a sharply narrowed first quarter loss of $2.1 million, lower by 47 percent than a year-before loss of $4 million.
Excluding results of stores shuttered earlier as part of an overhaul of operations, same-store sales at the West Coast independent department store chain increased 4.8 percent, to $144.5 million from $137.9 million.
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