Gottschalks Inc. announced that same-store sales for the month of June 2005 increased 0.5% from the prior year. Total sales for the month were $60.8 million compared to total sales of $60.7 million in June 2004.
On a year-to-date basis, same-store sales increased 0.6% from the same period of fiscal 2004, and total sales increased 0.5% to $252.2 million compared to $250.9 million for the same period of fiscal 2004. For the month and year-to-date periods Gottschalks operated the same number of stores compared to the same periods in fiscal 2004.
Jim Famalette, president and chief executive officer of Gottschalks, said, “We experienced good performances in a number of merchandise categories during June including shoes, special sizes, better sportswear, kids and juniors. Sales for June were in line with our expectations and through our ongoing focus on inventory management we ended the month with inventory 2.3% below the same period last year. We anticipate improved sales trends as we finish out the quarter due to certain changes implemented in our marketing programs for July.”
