Gottschalks Sales Drop 13% in August
Fresno, Calif. Gottschalks reported that sales dropped 13.3% at its 58 stores in August.
The company also reported sales of $37.2 million in August, down from $42.9 million a year ago in the same month.
Same store sales fell 11.1% in August.
Jim Famalette, chairman and CEO of Gottschalks, blamed “the continuing weak economic environment” for the fall in sales.
Famalette also said the company is keeping inventories low.