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GOTTSCHALKS ANNOUNCES NOVEMBER SALES RESULTS

 FRESNO, Calif., Dec. 16 /PRNewswire/ -- Gottschalks Inc. (NYSE: GOT) announced that November 1992 sales were essentially even with last year. Sales for this year were $33.7 million compared to $33.8 million last year. Same-store sales for the month declined by 5 percent compared to last year. Year-to-date sales totaled $247.8, an increase of $10.2 million or 4 percent over last year. Year-to-date same-store sales were down slightly (2 percent).
 James Clifford, executive vice president, chief financial officer, stated, "Sales improved compared to October's trend. After the election, business improved and then softened later in the month. The consumer has been very cautious for the last several months, generally reacting to strong value-oriented programs. The company is well- positioned to take advantage of any improvement in consumer demand during the Christmas selling season."
 Sales results are summarized as follows:
 GOTTSCHALKS INC.
 Nov. 28, Nov. 30, Total Pct.
 1992 1991 Increase Same Store
 (Decrease) Sales Decrease
 Sales,
 Four Weeks
 Ended $ 33,687 $ 33,807 (0.4) (5.0)
 Sales,
 Forty-three
 Weeks Ended $247,791 $237,631 4.3 (2.1)
 Gottschalks is a regional department store chain, currently operating 25 department stores and 22 specialty apparel stores in California, Tacoma, Wash. and Klamath Falls, Ore. Gottschalks offers moderate to upper moderately priced brand-name fashion merchandise, and is in its 88th year of continuous family management.
 -0- 12/16/92
 /CONTACT: James Clifford, executive vice president and chief financial officer of Gottschalks, 209-434-8000/
 (GOT)


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

GT-SG -- SF008 -- 7860 12/16/92 16:08 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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