FRESNO, Calif.–Gottschalks’ net loss widened on a sales decline for the first quarter ended May 3.
The department store chain’s net loss grew to $5.1 million from $4.7 million in the year-ago period.
Total sales decreased 11.8 percent to $125.1 million. Same-store sales fell 10.3 percent.
“Gottschalks, like many other retailers, continued to be affected by the difficult macroeconomic environment during the first quarter,” said Jim Famalette, chairman and chief executive officer, in a statement.
The retailer has been steadily reducing its mix of home goods in its 59 department stores.