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.
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.
July 2, 1992 |
Gottschalks, the Fresno-based department store chain, has revealed that its two top executives and the company itself could be indicted in connection with an improper federal income tax deduction. That announcement, contained in a proxy statement for the company's upcoming annual meeting, was the first official word that Board Chairman Joseph Levy and President Gerald Blum were targets of a federal investigation.
June 26, 1992 |
3 Plead Innocent in Tax Fraud Case: The former chief financial officer of Fresno-based Gottschalks and two other men have pleaded innocent to tax fraud charges. Robert Lawson and outside consultants Barry Schotz and John Nistico were arraigned in federal court in Fresno in connection with an alleged $1.6-million tax fraud scheme. Jack Farnesi, the retailer's former controller, is expected to enter a plea later. Lawson and Farnesi were fired after Gottschalks announced the IRS investigation.
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.