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Sportswear, accessories, shoes & Jr apparel drive Gottschalks Q2 sales

31 Aug '05

3 min read

The new merchandise strategies implemented in our home division late last year are also generating positive signs as we enter the second half of the year. Company is continuing to focus on managing the inventory more efficiently and is seeing improved inventory turnover rates as a result. Additionally, the Company's debt was further reduced $15.1 million, or 12.1 percent, on a year-over-year basis."

Gottschalks is a regional department store chain, currently operating 64 department stores and 6 specialty apparel stores in six western states, including California (39), 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.

The Company currently operates 64 full-line "Gottschalks" department stores which offer moderate to better brand-name merchandise and are located in California, Washington, Alaska, Idaho, Oregon and Nevada. The Company also operates 11 "Village East" and "Gottschalks" specialty stores, which carry a more limited selection of merchandise.

Gottschalks Inc

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