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Gottschalks register modest 2.7% rise in Feb sales

03
Mar '06
Department store chain Gottschalks Inc announced that same store sales for the month of February 2005 increased 2.7 percent compared to the prior year.

Total sales for the month increased 3.5 percent to $44.3 Million from $42.8 Million in February 2005.

Jim Famalette, President and Chief Executive Officer of Gottschalks, said, "The sales they generated in February have begun fiscal 2006 on a positive note.

Their best performing merchandise categories for the month were shoes, women's sportswear, special sizes and juniors.

At the close of the month their comp store inventory was down slightly by 0.3 percent from the same period last year.

Inventory management and improving their turns remains a focus for us in 2006."

Gottschalks also announced that it has finalized an agreement for the closure and sale of its Silverdale store near Seattle, Washington at the end of April.

The Company does not anticipate any material impact associated with the sale or closure of this store.

The Company continues to evaluate each of its store locations based on individual performance in an effort to increase store contribution.

Gottschalks is a regional department store chain, currently operating 63 department stores and 6 specialty apparel stores in six western states, including California (39), Washington (10), 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


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