Gottschalks ups income.(BUSINESS Today)

Home Textiles Today, September, 2005

FRESNO, CALIF. -- Gottschalks, Inc. reported net income for the second quarter was up 50 percent, to $300,000 from $200,000 last year. Same-store sales increased 3.1 percent, while total sales were up 2.6 percent, to $151.6 million from $147.8 million a year ago. During the quarter, Gottschalks incurred costs of $200,000 for pre-opening expenses related to its new store in Fresno and the settlement of a previously disclosed legal proceeding.

Year-to-date, net loss was narrowed $300,000, to $1.7 million from a prior-year net loss of $2 million. Also on a year-to-date basis, same-store sales were up 1.3 percent, while total sales increased 1.2 percent, to $295.7 million from $292.3 million last year. The company stated that it continues to...

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