NEW YORK — Nearly stagnant sales led Gottschalks to report a wider loss in the third quarter.
For the three months ended Nov. 2, the Fresno, Calif.-based regional department store company recorded a net loss of $2.6 million, or 20 cents a diluted share, versus a loss of $2.58 million, or 20 cents, in last year’s quarter. Results for the quarter include an income tax credit of $600,000, or 5 cents, arising from the realization of prior-years’ net operating losses. Excluding the credit, the net loss would have been a slightly higher $3.2 million, or 25 cents.
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)