Gottschalks Inc. managed to reduce its second-quarter net loss despite high-single-digit declines in net and same-store sales.
The Fresno, Calif.-based regional department store chain posted a loss in the quarter ended Aug. 2 of $4.4 million, or 33 cents a diluted share, compared with a loss of $4.8 million, or 35 cents a share, a year ago. Second-quarter sales fell 7.8 percent to $133.7 million from $145 million in the same period last year. Same-store sales were off 7.3 percent during the period.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)