July 4, 2006 |
The chairman of Gottschalks Inc. is stepping down and handing over the direction of the Fresno-based department store chain to a successor who is not part of the founding family. Joseph Levy, 74, said at the company's annual meeting that he would remain on the board until the end of the year. Levy, the grandnephew of company founder Emil Gottschalk, is the last member of the founding family to work full time at the company.
August 31, 2005 |
Gottschalks Inc. said Tuesday that second-quarter profit grew 16% as a broader selection of sportswear, accessories, shoes and junior fashions boosted sales. Net income rose to $259,000 from $224,000 in the year ago period, with per-share earnings flat at 2 cents as the number of shares outstanding increased nearly 5%. The Fresno-based retailer said the recent quarter included about $200,000 in store-opening expenses. Gottschalks said revenue rose 3% to $153 million from $149.3 million.
August 28, 2002 |
Gottschalks Inc. reported a smaller net loss for the second quarter and said it was "cautiously optimistic" for the rest of the year. The Fresno-based department store firm reported a net loss of $2.1 million, or 17 cents a share, compared with a net loss of $2.8 million, or 22 cents, a year ago. Sales fell 1.8% to $155.9 million. Gottschalks shares closed down 5 cents at $2.30 on the New York Stock Exchange.
July 8, 1997 |
Gottschalks Inc., the Fresno-based department store chain that recently began posting a profit after years of losses, on Monday agreed to buy nine department stores for about $38.1 million in stock and debt from Spain's largest retailer. Gottschalks, which operates stores in Central California and three other states, said it will acquire Harris Co., a chain of nine stores in the Inland Empire. San Bernardino-based Harris is wholly owned by El Corte Ingles of Spain.
March 6, 1997 |
Stephen Furst has announced that he is leaving his job as president of the Gottschalks department store chain. Furst cited "professional and personal reasons" for his decision but did not elaborate. Furst, 53, said the chain was not profitable when he became president in 1993 but now "is in the black." Last week, Gottschalks reported a $1.8-million profit for the 1996 fiscal year after losses in 1992, 1993 and 1995. Gottschalks Chairman Joe Levy said it was Furst's decision to leave.
July 31, 1992 |
Gottschalks department stores, a Fresno-based company with 25 retail outlets in California, Oregon and Washington, pleaded guilty Thursday to three counts of tax and securities fraud. Assistant U.S. Atty. Bob Twiss described the $1.5 million in criminal fines that Gottschalks has agreed to pay as "a real heavy hit," the maximum amount the government can assess. In addition, the company will pay more than $2 million in unpaid taxes, penalties and interest.