GOTTSCHALKS ANNOUNCES FEBRUARY SALES RESULTS
"February sales started slowly, but finished with a strong fourth week as Weinstocks stores began to wind down their operation and go dark," stated Joe Levy, Chairman and Chief Executive Officer.
"We are delighted to see this trend continue through early March, and we are looking forward to our move to the larger Weinstocks' store in the Modesto Vintage Faire mall, on March 15, 1996, and the grand opening of our now store in Reno, Nevada, on March 25, 1996. In April we will be moving into the larger Weinstocks' store in the Fashion Fair mall in Fresno, California," Levy concluded.
Sales results are summarized as follows:
Total Store Same Store March 2, Feb. 25, Sales % Sales % 1996 1995 Increase Decrease (in 000's)
4 Weeks Ended $ 22,735 $ 21,911 3.8% (2.4%)
Gottschalks is a regional department store chain, currently operating thirty-four department stores and twenty-five specialty apparel stores in California, Washington, Oregon and Nevada. Gottschalks offers moderate to upper moderately priced brand-name fashion merchandise.
/CONTACT: Alan A. Weinstein, Senior Vice President and Chief Financial Officer of Gottschalks, 209-434-8000/
CO: Gottschalks Inc. ST: California IN: REA SU: SLS
MS-RB -- SFTH008 -- 0969 03/07/96 09:00 EST
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|Date:||Mar 7, 1996|
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