Printer Friendly

GOTTSCHALKS ANNOUNCES NOVEMBER SALES RESULTS

 GOTTSCHALKS ANNOUNCES NOVEMBER SALES RESULTS
 FRESNO, Calif., Dec. 5 /PRNewswire/ -- Gottschalks Inc.


(NYSE: GOT) announced that November 1991 sales declined 1.2 percent to $33.7 million from $34.1 million for the prior November period. Same store sales for November decreased 1.6 percent. For the 43 week 1991 year-to-date period, total sales increased 11.3 percent to $237.5 million from $213.4 million for the year earlier year-to-date period. Same store sales on a year-to-date basis increased 5.2 percent over the prior year.
 "November sales results were certainly influenced by both the calendar change from last year along with current consumer sentiment related to the economy," stated Joe Levy, chairman and chief executive officer. "We remain cautiously optimistic about December sales at this point and are well positioned from a merchandising and sales promotion perspective to meet the needs of our value conscious customers during the December period," added Levy.
 Sales results are summarized as follows:
 Nov. 30, Dec. 1, Total percent Same Store
 1991 1990 Change Sales Change
 Sales, Four Weeks
 Ended $ 33,686 $ 34,081 (1.2)pct. (1.6)pct.
 Sales, 43 Weeks
 Ended $237,510 $213,372 11.3 pct. 5.2 pct.
 Gottschalks is a regional department store chain, currently operating 24 department stores and 25 specialty apparel stores in the Central Valley and Central Coast areas of California. Gottschalks offers moderate to upper moderately priced brand-name fashion merchandise, and is in its 87th year of continuous family management.
 -0- 12/5/91
 /CONTACT: Robert E. Lawson of Gottschalks Inc., 209-434-4744/
 (GOT) CO: Gottschalks Inc. ST: California IN: REA SU: ERN


DB -- SF002 -- 9495 12/05/91 09:01 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 5, 1991
Words:279
Previous Article:IBM ANNOUNCES NEW ORGANIZATIONS, OPERATIONAL CHANGES UNDER PLAN FOR INCREASED AUTONOMY OF BUSINESS UNITS
Next Article:ALTA HEALTH STRATEGIES OPENS NEW SALES OFFICE IN PORTLAND, ORE.
Topics:


Related Articles
GOTTSCHALKS ANNOUNCES OCTOBER SALES RESULTS
GOTTSCHALKS ANNOUNCES OCTOBER SALES RESULTS
GOTTSCHALKS ANNOUNCES NOVEMBER SALES RESULTS
Gottschalks Announces November 1996 Sales Results
Gottschalks Announces October Sales Results
Gottschalks Announces November 1998 Sales Results.
Gottschalks Announces 3.2% November Same Store Sales Increase.
Gottschalks Announces 8.3% Same Store Sales Increase for November.
Gottschalks Announces July 2001 Sales and Second Quarter Earnings Conference Call.
Gottschalks Reports September 2001 Sales.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters