Home / Knowledge / News / Apparel/Garments / Gottschalks May comp store sales rise 2.8%

Gottschalks May comp store sales rise 2.8%

01
Jun '06
Department store operator Gottschalks Inc has announced that same store sales for the month of May 2006 increased 2.8 percent from the prior year.

Total sales for the month increased 3.3 percent to $48.9 million from $47.4 million in May 2005. On a year-to-date basis, same store sales increased 0.1 percent from the same period of the prior year.

Total sales for the year-to-date period increased 0.5 percent to $192.4 million compared to $191.5 million for the same period of fiscal 2005.

Jim Famalette, President and CEO of Gottschalks, said, "We are very pleased with our solid comparable store sales increase for May. As previously reported, we experienced an up tick in sales following the return to more seasonal Spring weather in our markets in late April. This solid sales trend continued throughout May, reflecting strong performances across all of our apparel categories.”

“Specifically, our best performing merchandise areas were better and moderate women's apparel, shoes and accessories. We also continued to make steady progress in improving our inventory management and ended May with comp store inventory down 3 percent from the same period last year," Jim added.

Gottschalks also announced that Gary Gladding, Executive VP of Merchandising, will retire from the company effective June 30th 2006. The company's three senior merchants will now report directly to Famalette.

Famalette stated, "Gary has been a key member of our management team more than 23 years and has overseen the growth in the merchandising area from $100 million to over $670 million in sales as of last year. We recognize and thank Gary for his many years of dedicated service and wish him all the best in his retirement. I look forward to being more closely involved in the merchandising aspects of our business and working directly with Gottschalks' experienced
merchandising team."

Gottschalks is a regional department store chain, currently operating 62 department stores and 6 specialty apparel stores in six western states, including California (39), Washington (9), Alaska (6), Oregon (3), Nevada (2) and Idaho (3). Gottschalks offers better to moderate brand-name fashion apparel, cosmetics, shoes, accessories and home merchandise.

Gottschalks Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 1st Mar 2021

AfCFTA rules of origin talks to conclude in June: Egyptian

Talks are currently under way between member states of the African...

Pic: Fraser Group

Retail | On 1st Mar 2021

Frasers Group anticipates £100-mn hit from lockdown

Frasers Group recently said it could take a hit in excess of £100...

Pic: Shutterstock

Retail | On 1st Mar 2021

TJX Companies FY21 sales fall 4% to $32 bn

The TJX Companies, a US-based leading off-price apparel and home...

Interviews View All

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ismail Ajani,

Ismail Ajani

Hollywood Footwear’s story began in 1946 when Jummabhai Ajani started the...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

Leave your Comments


February 2021

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


Advanced Search