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GOTTSCHALKS BOARD AUTHORIZES STOCK PURCHASE

 GOTTSCHALKS BOARD AUTHORIZES STOCK PURCHASE
 FRESNO, Calif., June 1 /PRNewswire/ -- Gottschalks Inc.


(NYSE: GOT) announced that its board of directors has authorized the purchase of up to 300,000 shares of its outstanding common stock.
 The board indicated that the purchases will be used for general corporate purposes. This action is being taken by the board because of its belief that the Gottschalks shares are currently undervalued. The board has authorized these purchases from time to time in open market transactions.
 -0- 6/1/92
 /CONTACT: Joe Levy of Gottschalks, 209-434-8000/
 (GOT) CO: Gottschalks ST: California, Washington IN: REA SU:


RM -- SF006 -- 5864 06/01/92 16:02 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 1, 1992
Words:109
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