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GOTTSCHALKS ANNOUNCES MARCH SALES RESULTS

 FRESNO, Calif., April 23 /PRNewswire/ -- Gottschalks Inc. (NYSE: GOT) announced that March 1993 sales decreased 2.3 percent to $26.3 million from $26.9 million for the prior March. Same store sales for the March period decreased 2.8 percent. According to Joe Levy, chairman and chief executive officer, "In total, Cosmetics, Accessories, Domestics and the Junior business had the most positive results for the month. By location, results were mixed with some stores performing well. This month we came up against huge opening figures for Tacoma which opened in March of 1992. California continues to suffer from an economic slowdown which has had an impact on our business."
 For the nine-week period to date, total sales decreased 1.7 percent to $43.8 million from $44.5 million with same store sales decreasing 4.0 percent. Sales results are summarized as follows:
 April 3, April 6, Total Pct. Same Store
 1993 1992 Increase Sales Change
 Sales, Five Weeks
 Ended $ 26,297 $ 26,907 (2.3 pct.) (2.8 pct.)
 Sales, Nine Weeks
 Ended $ 43,750 $ 44,484 (1.7 pct.) (4.0 pct.)
 Gottschalks is a regional department store chain, currently operating 26 department stores and 23 specialty apparel stores in California; Tacoma, Wash.; and Klamath Falls, Ore. Gottschalks offers moderate to upper moderately priced brand-name fashion merchandise.
 -0- 4/23/93
 /CONTACT: James R. Clifford, executive vice president and chief financial officer of Gottschalks, 209-434-8000/
 (GOT)


CO: Gottschalks Inc. ST: California, Washington IN: REA SU:

ML-TM -- SF007 -- 0107 04/23/93 13:25 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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