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Gottschalks mum on plans for Lamonts' Alaska stores

Posted: Wednesday, April 26, 2000

ANCHORAGE (AP) -- Fresno, Calif.-based Gottschalks Inc. won't say whether it plans to keep open all seven of the Lamonts stores it plans to purchase in Alaska.

Lamonts announced Monday that it's selling its entire chain of 38 department stores to Gottschalks for $19 million, subject to approval of U.S. Bankruptcy Court.

Mike Geele, senior vice president and chief financial officer for Gottschalks, declined to say whether he'll maintain the seven stores if the sale is approved.

''We're not commenting specifically on our plans until we get approval from the Bankruptcy Court,'' said Geele.

A hearing on the pending sale is scheduled for May 15 in Seattle.

Kirkland, Wash.-based Lamonts has three stores in Anchorage and one each in Wasilla, Soldotna, Fairbanks and Juneau.



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