By  on September 2, 2008

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.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus