Gottschalks (GOT) September Same Store Sales Drop 3.9%
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Gottschalks Inc. (NYSE: GOT) today announced that same store sales for the month of September 2007 decreased 3.9% from the prior year. Total sales for the month decreased 7.7% to $52.8 million from $57.2 million in September 2006.
Jim Famalette, chairman and chief executive officer of Gottschalks said, "While we generated positive comparable store sales in our Northwest stores during the month, we continued to experience softer sales trends in our California stores. In particular, we experienced generally weak sales across our home store merchandise and men's apparel. Our best performing merchandise categories for the month were special sizes, children's, better sportswear and dresses. Based on current trends we expect third quarter comp store sales to be 4.5% below last year."
Gottschalks is a regional department store chain, currently operating 58 department stores and 4 specialty apparel stores in six western states, including California (38), Washington (7), Alaska (5), Oregon (4), Nevada (2) and Idaho (2).
Jim Famalette, chairman and chief executive officer of Gottschalks said, "While we generated positive comparable store sales in our Northwest stores during the month, we continued to experience softer sales trends in our California stores. In particular, we experienced generally weak sales across our home store merchandise and men's apparel. Our best performing merchandise categories for the month were special sizes, children's, better sportswear and dresses. Based on current trends we expect third quarter comp store sales to be 4.5% below last year."
Gottschalks is a regional department store chain, currently operating 58 department stores and 4 specialty apparel stores in six western states, including California (38), Washington (7), Alaska (5), Oregon (4), Nevada (2) and Idaho (2).
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