Logistics, inventory flow help Gottschalks
August 28, 2003,
Fresno, CA — While it streamlined its store base during the first quarter, Gottschalks saw results this quarter from its new merchandise replenishment system and improved inventory flow, which resulted in a gross margin improvement of 50 basis points, said Jim Famalette, president and ceo.
Previously out of stock on sizes and basic items, it is now more in stock on a more frequent basis, he said. "We've done a better job of focusing on the existing stores and getting the right inventory into the stores at the right time."
Though he wouldn't comment on the Elder-Beerman and The Bon Ton situation, Famalette did say that if a potential buyer approached Gottschalks, it would do what was best for the company, though there is no activity right now.