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Gottschalks Files Bankruptcy, Seeks Buyer of 58-Store Chain

Nearly 5M SF of Vacant Mall Space on the Line if Regional Department Store Chain Liquidates
By Sasha M Pardy
January 15, 2009 | 3:37 P.M.

Fresno, CA-based department store chain, Gottschalks Inc. (Pink Sheets: GOTT.PK), filed Chapter 11 on January 14, 2009. During the bankruptcy process, supporting operations with a $125 million debtor-in-possession facility from GE Capital, Gottschalks has sought out a buyer for the chain, to no avail.

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