Gottschalks posts improved Q2 results
25/08/2006
American apparel and footwear retailer Gottschalks Inc. reported net income of $486,000 for the second quarter compared with net income of $259,000 for the second quarter of 2005.
Total sales increased 1.2% to $153.4 million compared with $151.6 million for the second quarter last year.
First half net loss was $3.5 million compared with $1.7 million in the first six months of fiscal 2005. First half total sales increased slightly to $296.9 million from $295.7 million for the same period in 2005.
President and chief executive officer Jim Famalette stated, "We experienced strong performances in our core merchandise categories of shoes, accessories, cosmetics and better sportswear across our existing store base and we have begun to see the benefits of the re-fixturing program we are implementing in shoes and accessories."
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