Gottschalks to grow home assortment
Home Accents Today Staff -- Home Accents Today, November 30, 2005
FRESNO, Calif. -- After generating lower than expected sales in the home division, Gottschalks will place a greater emphasis on textiles, tabletop and housewares -- weaker-performing home categories for the retailer, executives said during their third-quarter earnings call late yesterday.
In addition, the company’s growing furniture and mattress segments will be added to five more stores in spring 2006. Currently, only 26 Gottschalks locations carry these products.
The company reported a modestly widened third quarter loss of $1.6 million, compared with a year-before deficit of $1.5 million. Overall, sales improved 2.3 percent to $150.5 million. But comps dipped 0.5 percent.