Reports Say That Gottschalks To File Chapter 11

No word on status of Elk Grove store Several news sources report today that Fresno-based Gottschalks Inc. is on the verge of filing a C...

No word on status of Elk Grove store


Several news sources report today that Fresno-based Gottschalks Inc. is on the verge of filing a Chapter 11 bankruptcy following a disappointing Holiday sales season.

As part of the filing, it is reported that 15 of its 58 stores will be shuttered. The Elk Grove store has long been rumored to be on the chopping block.

On top of a 11% year-over-year sales decline in December, Gottschalks has been squeezed by the international credit crunch.

Developing

Post a Comment Default Comments

Follow Us

Popular

Archives

Elk Grove News Minute




All previous Elk Grove News Minutes, interviews, and Dan Schmitt's Ya' Gotta be Schmittin' Me podcasts are now available on iTunes

Elk Grove News Podcast




item