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Gottschalks to be liquidated
After a failed, last-minute attempt to sell itself to investors who would have kept bankrupt Gottschalks Inc. open, a group of liquidators has emerged as the winning bidder and will shut down the 105-year-old department store chain. Liquidation may begin as soon as Thursday, and is expected to conclude on or before July 15, according to a news release issued Tuesday. — Courtenay Edelhart Click on the blue boxes to read original documents related to the court case for yourself!
9 comments from 7 users
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posted by
Sunshinestategirl
on Mar 31, 2009 at 11:15 AM
Wow, what a definite sign of the times :( I remember when Brocks Department store was bought out by Gottschalks years and years ago, I never thought they would go under to. What a sad time. One has to wonder what will go into their places at the Plaza and East Hills, if anything at all? posted by
sagefever
on Mar 31, 2009 at 11:38 AM
Sign of the times~ there was a advertisement for the Dollar Store in Sundays paper. That should tell one something. posted by
catpaw
on Mar 31, 2009 at 11:53 AM
Mervyns...Circuit City...Gottschalks...at this rate we'll all be Christmas shopping at Walmart and Dollar Store. Only stores left. posted by
adampayne
on Mar 31, 2009 at 11:55 AM
posted by
catpaw
on Mar 31, 2009 at 12:37 PM
: ) Great idea, adam. 10,000 more homes would also be good. posted by
adampayne
on Mar 31, 2009 at 12:46 PM
That's right, catpaw! And with all those added to the 7,000 empty run down properties all throughout town we can really see home values sky rocket through the porcelin commode into the sewer lines. I know the Supes and City Council will all approve! posted by
NancyII
on Mar 31, 2009 at 12:47 PM
I don't Christmas shop at places like Gottchalks anyway since I NEVER buy clothes for anyone but I hate to see the big department stores go under. I only shopped their sale racks as their regular prices are a bit above my budget. I think we're gong to see more and more of this at the economy worsens. When you have thrift stores saying donations are really down, you know people are hanging on to things a lot longer. Or having yard sales instead of donating. I was told that the book donations to the library for the Friends book sale is really down. What are people doing with them if not donating them? Trading? Swapping 2 for 1? Of all the closed and closing stores, the one that affected me the most was Mervyns. Most of my tennies came from there. Jeans and tops came from there. Jewelry at a reasonable price. It's a great loss to me. posted by
kernhustler
on Apr 2, 2009 at 06:09 AM
So sad. And you are right, catpaw. Looks like many of us will be doing our Christmas shopping at Walmart and the Dollar store. Ugh. Just breaks my hearts. I remember when there was a time I thought many of these stores, especially Circuit City and Mervyns, were invincible. posted by
BakersfieldSnohomish
on Apr 8, 2009 at 11:15 AM
A View Of the Passing Of Gottschalks From the Pacific Northwest.
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