By  on December 5, 2008

Gottschalks Inc. cited a tax expense and poor economic conditions Thursday for a third-quarter loss that more than doubled.

In the three months ended Nov. 1, the Fresno, Calif.-based department store chain posted a net loss of $10.1 million, or 76 cents a diluted share, versus a loss of $4.1 million, or 30 cents a share, in last year’s quarter. Revenues fell 12.7 percent to $121.4 million from $139.1 million a year ago. Same-store sales fell 12.1 percent in the period.

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