Will Gottschalks be Saved?

March 24, 2009 12:00:00 AM PDT
Fresno based Gottschalks may get a last minute reprieve. The retailer is operating under Chapter 11 bankruptcy and faces a do-or-die auction for its assets March 30th.

Any bidder who is interested in being able to bid at the March 30th auction is expected to qualify by the March 25th deadline.

Last week three firms expressed interest in bidding to keep Gottschalks open. They include el corte ingles, a Spanish retailer that owns 16 percent of Gottschalks' stock.

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