Gottschalks
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|
| Public | |
| Industry | Retail |
| Fate | Bankruptcy |
| Founded | 1904 |
| Defunct | 2009 |
| Headquarters | Fresno, California |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares |
Gottschalks (former ticker symbol GOT) was a middle-tier American department store that operated 58 department stores and three specialty apparel stores in six western states (California, Washington, Alaska, Idaho, Oregon, and Nevada); some locations ran as Harris-Gottschalks stores. Prior to liquidation, it was the largest independently owned, publicly traded department store chain in the United States. On January 14, 2009, Gottschalks filed for Chapter 11 bankruptcy. This bankruptcy became a liquidation on March 31, 2009. At least 4 prime locations became Macy's stores, while several more became Forever 21 stores.
Gottschalks was founded by German Jewish immigrant Emil Gottschalk in 1904 as a dry goods store in downtown Fresno, California. Ten years later, the store grew enough to move into another building downtown with ten times the amount of space. Before his passing in 1939, Emil passed control to his brother-in-law, Henry Korn and his nephew, Abe Blum. The company opened its first branch store in Merced in 1961 and new stores in Visalia and Fresno. In a strategy to win over teenage baby-boomers, Gottschalks launched Bobbie West, a chain of junior apparel stores, in the late 1960s. Village East shops, which offered plus-sized women's clothing, were launched in 1970.
Irving (Bill) Levy served as the 4th of seven presidents in the 105 years that Gottschalks operated. Upon Irving Levy's death in 1981, his son Joseph Levy became CEO and Chairman of the Board until James Famalette was elevated to these positions in 1999 and 2007, respectively.
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