Home / Knowledge / News / Apparel/Garments / Gottschalks reports September 2008 sales
Gottschalks reports September 2008 sales
14
Oct '08
Gottschalks Inc announced that same store sales for the month of September decreased 11.8% from the prior year. Total sales for the five-week period decreased 13.2% to $45.8 million compared to $52.8 million in the same period of fiscal 2007. On a year-to-date basis, which consisted of 35 weeks, same store sales decreased 9.3% from the comparable period of fiscal 2007.

Total sales on a year-to-date basis decreased 10.6% to $341.9 million compared to $382.4 million in the same period of the prior year. 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, "Our sales results for September reflect the persistent challenges in the macroeconomic environment, which intensified due to unprecedented and mounting events in the financial markets.

In light of these events, we are seeing the consumer continue to be cautious and, like most retailers, this has further impacted our customers' spending levels. However, we continue to prudently manage the areas of our business within our control as we remain focused on effectively managing our capital spending, inventory, gross margin and expenses appropriately to correspond with current sales trends.

As a result of our efforts, we ended the month with comparable store inventory down 6.1% versus the same period last year. Our best performing categories for the month were cosmetics, young mens and intimate apparel while textiles and housewares were the most challenging."

Gottschalks Inc

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search