Delaware Judge OKs Gottschalks Liquidation

April 1, 2009 12:00:00 AM PDT
It's the beginning of the end for a longtime Valley department store chain. A Delaware bankruptcy judge approved a liquidators bid to take over Gottschalks and sell its entire inventory.                 |   Watch Videos Above for Extended Coverage   |

The chief executive officer of the department store says going out of business sales could start as early as Thursday. And the corporate headquarters office in North Fresno will close on Friday.

Commercial realtors say the closing of Gottschalk's stores is especially bad news for South Valley consumers.

The Visalia Mall will be left with only one anchor store ... JC Penney. Mall officials say they already have a vendor interested in the site but can't say who. For Hanford, this is the second anchor to leave the mall. Mervyn's spot is still empty. The loss of Gottschalks leaves only Sears, JC Penney and Ross.

Hanford Mall officials are using the vacant Mervyn's building to host local rock bands and other family events while they work on filling that vacancy.

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