January 6, 2009 7:37 AM

Rescue effort for California retailer Gottschalks foundering

Gottschalks Inc., the midpriced department store chain based in Fresno, might go out of business. A rescue plan with a Chinese merchant hasn't yet panned out. Negotiations are continuing, but Gottschalks said it could run out of money by the end of January.

Related content

Suggested for you



Editor's Choice Videos