Home / Knowledge / News / Apparel/Garments / Gottschalks announces decrease in June sales
Gottschalks announces decrease in June sales
11
Jul '08
Gottschalks Inc announced that same store sales for the month of June decreased 9.5% from the prior year. Total sales for the five-week period decreased 9.8% to $51.9 million compared to $57.5 million in the same period of fiscal 2007.

On a year-to-date basis, which consisted of 22 weeks, same store sales decreased 10.1% from the same period of the prior year.

Total sales for the year-to-date period decreased 10.7% to $219.5 million compared to $245.7 million for the same period of fiscal 2007.

The Company operated one less store for the month and year-to-date periods compared to the same periods in fiscal 2007.

Jim Famalette, chairman and chief executive officer of Gottschalks said, "We continue to take a conservative approach to managing our business in this challenging consumer environment.

In doing so, we remain committed to carefully controlling our inventory and as a result we ended the month with comparable store inventory down 8% versus the same period last year.

Our best performing categories for the month were accessories, cosmetics, and special sizes, while textiles, tabletops and luggage were the most challenging."

In connection with the Company's Value Improvement Program and as part of its strategic effort to close underperforming stores, the Company closed its Moreno Valley, California store at the end of June.

Gottschalks Inc

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search