KMPH Fox 26 Central San Joaquin Valley News Source in Fresno, California Entertainment, News, Sports and Weather | Macy's & Forever 21 Make Winning Bids On Gottschalks Locations
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There's some good news for shoppers; retail spaces left vacant by Gottschalks will be filled by some fashion favorites!
Retail giant Macy's, made the winning bid on Gottschalks locations in River Park and the Visalia Mall in an auction on Thursday as part of the bankruptcy proceedings.
Forever 21 also made a bid, landing Gottschalk's locations in the Hanford Mall as well as Fashion Fair Mall.
The auction won't be final until it's approved by a bankruptcy judge in June.
Gottschalks filed for bankruptcy in January, after a $30 million financing deal with a Chinese firm fell through in December. The retailer is now in the middle of liquidation sales, which are expected to last through July.
Gottschalks first opened it's doors back in 1904 and throughout the years accumulated 59 stores throughout California, Oregon, Washington, Alaska, Nevada and Idaho, and had about 5,200 employees.
Stay with KMPH and KMPH.com as we continue to follow this story.
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