Gottschalks posts decrease in July, 2Q sales

FRESNO, Calif. Gottschalks posted a 2.1% same-store sales decrease for the month of July. Total sales for the four-week period decreased 4.1% to $39.4 million, compared to $41.1 million in the same period of fiscal 2007.

For the second fiscal quarter, which consisted of 13 weeks, same-store sales decreased 7.3% and total sales decreased 7.8% to $133.7 million, compared to $145 million for the second fiscal quarter of 2007.

"We experienced improved sales in July compared to recent months, as we continue to prudently manage our business during this difficult retail environment," said Jim Famalette, chairman and ceo. "As a result of our consistent execution, we ended the month with comparable-store inventory down 9% versus the same period last year. Our best performing categories for the month were young men's, children's, special sizes and housewares, while textiles, tabletops and luggage were the most challenging. Looking at the important back-to-school selling season, our in-stock position is solid and we are pleased with the initial consumer response to the launch of our 'School Rocks' marketing campaign."