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GOTTSCHALKS PRESIDENT TO RETIRE

 FRESNO, Calif., June 22 /PRNewswire/ -- Gerald Blum, president and chief operating officer of Gottschalks (NYSE: GOT), today announced he will retire at the end of this year. He will continue to serve and take an active part on Gottschalks' board of directors. "After 42 years," he said, "I just can't leave this business completely." He has served as president since 1982.
 Blum came to work at Gottschalks in 1951, following his graduation from Stanford University and two years of a merchandising program in a San Francisco department store. During his four decades at Gottschalks, he has been a major force in its growth from a single store selling $4 million per year, to today's chain of 26 department stores and specialty stores, with annual sales in excess of $330 million.
 Blum is a third-generation owner of a family department store that was begun by his great uncle, Emil Gottschalk in 1904 in Fresno. Once California's largest privately owned department store, Gottschalks went public on the New York Stock Exchange in April 1986.
 Blum, long active in community projects, says he plans to continue his service in civic and charitable associations. These include: National Trustee of the C.A.R.E. Foundation in New York, as a director of the Retail Management Institute at the University of Santa Clara, director of the California Retailers Association and the national Retail Federation, director of the Fresno Convention and Visitors Bureau and numerous other state and local organizations.
 Recognized as a leader in the Fresno community, Blum was twice selected as "Boss of the Year" and is a past recipient of the Junior Chamber's "Man of the Year" award.
 Stephen J. Furst will join Gottschalks as executive vice president, chief operating officer, effective July 19, 1993. Furst served as president and chief operating officer of Hess's Department Stores, headquartered in Allentown, Penn.
 Furst joined Hess's in 1963, where he has held positions as buyer, divisional merchandise manager and director of customer service. In 1971, he was named vice president and director of operations and personnel. In 1982, he was elected to the board of directors of Crown American, the parent company of Hess's and a developer of shopping centers in 11 central states.
 Named executive vice president of operations in 1984, he was elected to the position of president and chief operating officer of Hess's in 1990. Hess's is currently down-sizing from its 73-store chain to 30 department stores.
 Furst attended Penn State University and Muhlenberg College, where he serves on the board of associates. He holds a degree in accounting. He and his wife Joan have three children and will make their home in Fresno.
 -0- 6/22/93
 /CONTACT: Alan Weinstein, senior vice president and chief financial officer of Gottschalks, 209-434-8000/
 (GOT)


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

GT-TM -- SF007 -- 4617 06/22/93 14:01 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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