Gottschalks gets 4Q boost from Lamonts.(financial results in 2000, Lamonts apparel stores)(Brief Article)(Statistical Data Included)
Home Textiles Today, March, 2001 by Hogsett, Don
FRESNO, CA -- Getting a big lift from strong same-store sales and 34 recently purchased Lamonts apparel stores, fourth-quarter profits before one-time items at Gottschalks Inc. shot up by 20.1 percent, to $10.4 million from $8.6 million the prior year. For the 12-month fiscal year, earnings before one-time items jumped up by 35.1 percent, to $10.6 million from $7.8 million a year ago.
Lifted by the Lamonts buyout, sales at the West Coast chain advanced by 38.3 percent, to $258.9 million from $187.2 million last year. Same-store sales advanced a healthy 5.8 percent. For all of last year, sales moved up by 22.6 percent, to $663.9 million from $541.3 million the preceding year, while same-store sales moved up by 5.6 percent. "Our record earnings...
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