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The Los Angeles-based retailer that caterx to teen-age girls and twentysomething has asked a bankruptcy court to buy threre Gottschalks stores and take over the leases of 13 according to court Gottschalks filed for bankruptchy protectionthis year, citing declining revenue and fast-risingy losses, forcing the closure of the 58-store including outlets in Auburn, Elk Grove, Sacramento and Woodland. Forever 21 has submitte d bids forthe two-story Gottschalksd store at , and another at University Mall in Forever 21 has bid $17.
7 million to buy threwe stores in Hanford, San Luis Obispo and Yuba City and take over the 13 The company, which has locaol stores, has been debuting larger stores that included menswear, especially after completing a deal for 15 Mervyn’sw stores from bankruptcy court in January. Gottschalks will close its stores during the next several eliminating about 400 jobs inthe four-countyy region — and lowering sales-tax revenue. A judgd could approve the deal with Forever 21this week.
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