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Gottschalks to open New River Park lifestyle center store in Fresno

Jul '05
Leading department stores Gottschalks Inc announced the same store sales for the month of June 2005 increased 0.5% from the prior year.

Total sales for the month were $60.8 million compared to total sales of $60.7 million in June 2004. On a year-to-date basis, same store sales increased 0.6% from the same period of fiscal 2004, and total sales increased 0.5% to $252.2 million compared to $250.9 million for the same period of fiscal 2004.

For the month and year-to-date periods Gottschalks operated the same number of stores compared to the same periods in fiscal 2004.

Jim Famalette, president and chief executive officer of Gottschalks, said, "We experienced good performances in a number of merchandise categories during June including shoes, special sizes, better sportswear, kids and juniors.

Sales for June were in line with our expectations and through our ongoing focus on inventory management we ended the month with inventory 2.3% below the same period last year.

They anticipate improved sales trends as we finish out the quarter due to certain changes implemented in our marketing programs for July."

Gottschalks also announced today that the grand opening of the Company's new River Park lifestyle center store in Fresno will be held on August 11th.

Online store Gottschalks is featuring housewares, clothing, fragrances, jewelry, and online wedding gift registry. It is a regional department store chain, currently operating 63 department stores and 6 specialty apparel stores in six western states, including California (38), Washington (12), Alaska (6), Oregon (3), Nevada (2) and Idaho (2).

Gottschalks offers better to moderate brand-name fashion apparel, cosmetics, shoes, accessories and home merchandise. Gottschalks offers corporate information and selected merchandise on its website located at www.gottschalks.com.

Gottschalks Inc

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