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.
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