Gottschalks (GOT) Feb Comps Down 9.5%
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Gottschalks Inc. (NYSE: GOT) said same store sales for the month of February decreased 9.5% from the prior year. Total sales for the month decreased 11.5% to $37.7 million.
Jim Famalette, chairman and chief executive officer of Gottschalks said, "Our February sales results reflect persistent weak economic conditions as well as our planned reduction in inventory levels."
Jim Famalette, chairman and chief executive officer of Gottschalks said, "Our February sales results reflect persistent weak economic conditions as well as our planned reduction in inventory levels."
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