We will continue to reposition our merchandise mix with increased emphasis on our soft line categories while improving our merchandise and marketing strategies for the home store division. We are on track in our plans to extend our re-fixturing in our accessories, shoes and cosmetics departments to additional stores this year.
In addition, we remain focused on optimizing technology features such as our Point of Sale system, pin pad signature capture and return authorization to better serve customers, improve inventory management and create additional efficiencies throughout our organization.
"We are confident that the operational and merchandising strategies we have put into place will benefit our long-term profitability.”
As previously announced, Gottschalks has formed a special strategic committee to identify and evaluate various strategic alternatives to maximize shareholder value.
The Company does not currently intend to disclose further developments or provide updates on the progress or status of the strategic alternatives review process or of any strategic alternatives under consideration, unless and until the Board of Directors has approved a specific transaction.
Gottschalks will host a conference call at 1:30 p.m. Pacific Time to review its results for the first quarter 2007. The Conference ID is GOTT. If you are unable to participate in the call, a replay will be made available through June 13, 2007.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
