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Archive Home > 2009 > January > 08 > Gottschalks’ uncertain future

Gottschalks’ uncertain future

Without extra cash, the chain, which opened a local store in October, could go out of business this month — and leave a hole in south Bend

By Jeff McDonald / The Bulletin
January 8, 2009

Fresno-based retailer Gottschalks Inc., which spent $6.8 million to open a 55,000-square-foot department store in south Bend on Oct. 23, is up against a financial clock this month.

The company is running out of cash and could go out of business if financing is not secured by the end of January,....

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