SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
- -- EXCHANGE ACT OF 1934 [FEE REQUIRED].
For the fiscal year ended January 31, 1995.
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
- -- EXCHANGE ACT OF 1934 [NO FEE REQUIRED].
For the transition period from ____________ to ______________.
Commission file number 1-09100
A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
Gottschalks Inc. Retirement Savings Plan
B. Name of issuer of the securities held pursuant to the
plan and the address of its principal executive office:
Gottschalks Inc.
7 River Park Place East
Fresno, California 93729
<PAGE>
REQUIRED INFORMATION
Gottschalks Inc. hereby files the financial statements
required by Form 11-K with respect to the Gottschalks Inc.
Retirement Savings Plan (the "Plan"). The financial statements
for the Plan and the report of independent auditors are attached
hereto as Exhibits and are incorporated in this Annual Report
on Form 11-K by reference.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities
Exchange Act of 1934, the Plan's administrative committee has
duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
GOTTSCHALKS INC. RETIREMENT SAVINGS
PLAN
By: INVESTMENT SAVINGS COMMITTEE
(Name of Plan Administrative Committee)
By: /s/ Alan A. Weinstein
Alan A. Weinstein
(Type Name of Person Signing)
Its: Secretary
Date: November 29, 1995
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
23 Consent of Deloitte & Touche LLP.
99 Financial Statements and Schedules for the
Gottschalks Inc. Retirement Savings Plan
for the year ended January 31, 1995 (with
Independent Auditors' Report thereon).
<PAGE>
Exhibit 23
Independent Auditors' Consent
We consent to the incorporation by reference in the Registration
Statement of Gottschalks Inc. on Form S-8, dated January 4, 1996,
pertaining to the Gottschalks Inc. Retirement Savings Plan and Trust
of our report dated September 25, 1995, appearing in this Annual Report
on Form 11-K of Gottschalks Inc. Retirement Savings Plan and Trust
for the year ended January 31, 1995.
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Fresno, California
January 4, 1996
<PAGE>
Exhibit 99
GOTTSCHALKS INC. RETIREMENT
SAVINGS PLAN AND TRUST
Financial Statements as of and for the
Years Ended January 31, 1995 and 1994,
Supplemental Schedules as of and for the
Year Ended January 31, 1995 and
Independent Auditors' Report
<PAGE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST
TABLE OF CONTENTS
Page
INDEPENDENT AUDITORS' REPORT 1
FINANCIAL STATEMENTS AS OF AND FOR THE YEARS
ENDED JANUARY 31, 1995 AND 1994:
Statements of Net Assets Available for
Benefits 2
Statements of Changes in Net Amounts Available for
Benefits with Fund Information 3-4
Notes to Financial Statements 5-9
SUPPLEMENTAL SCHEDULES AS OF AND FOR THE YEAR
ENDED JANUARY 31, 1995:
Schedule I:
Item 27a - Schedule of Assets Held for Investment
Purposes 10
Schedule II:
Item 27d - Schedule of Reportable (5%) Transactions 11
Supplemental schedules not listed above have been omitted because
of the absence of conditions under which they are required.
<PAGE>
DELOITTE &
TOUCHE LLP (letterhead)
INDEPENDENT AUDITORS' REPORT
Board of Directors and Plan Participants of
Gottschalks Inc. Retirement Savings Plan and Trust
Fresno, California
We have audited the accompanying statements of net assets
available for benefits of Gottschalks Inc. Retirement Savings
Plan and Trust as of January 31, 1995 and 1994, and the related
statement of changes in net assets available for benefits for the
years then ended. These financial statements are the
responsibility of the Plan's management. Our responsibility is
to express an opinion on these financial statements based on our
audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all
material respects, the net assets available for benefits of the
Plan as of January 31, 1995 and 1994, and the changes in net
assets available for benefits for the years then ended in
conformity with generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
supplemental information by fund and the supplemental schedules
are presented for the purpose of additional analysis of the basic
financial statements rather than to present information regarding
the net assets available for benefits and changes in net assets
available for benefits of the individual funds, and is not a
required part of the basic financial statements. This
supplemental information is the responsibility of the Plan's
management. Such supplemental information by fund and
supplemental schedules have been subjected to the auditing
procedures applied in our audit of the basic financial statements
and, in our opinion, are fairly stated in all material respects
when considered in relation to the basic financial statements taken
as a whole.
/s/ Deloitte & Touche LLP
September 25, 1995
<PAGE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
January 31,
1995 1994
ASSETS
INVESTMENTS AT FAIR VALUE (Note 3):
Wells Fargo Bank Investment Funds
for Retirement Plans:
Gottschalks Inc. Common Stock Fund* $2,816,468 $3,075,469
Asset Allocation Fund* 1,841,907 1,648,196
Income Accumulation Fund* 1,127,834 936,041
S&P 500 Stock Fund* 610,782 524,755
Growth Stock Fund 182,391 118,459
S&P MidCap Stock Fund 174,440 162,003
Loans to participants* 609,030 441,989
---------- ---------
Total investments 7,362,852 6,906,912
RECEIVABLES:
Employer Contributions 243,591 225,257
Participants' Contributions 25,601 23,098
--------- ---------
269,192 248,355
CASH 29,820 17,133
--------- ---------
7,661,864 7,172,400
--------- ---------
LIABILITIES
PAYABLE TO PARTICIPANTS (Note 4) 1,890 46,833
--------- ---------
NET ASSETS AVAILABLE FOR BENEFITS $7,659,974 $7,125,567
========= =========
* Represents individual investments in excess of 5% of net
assets available for benefits at the beginning of the Plan
years ended January 31, 1995 and 1994.
See notes to financial statements.
<PAGE>
<TABLE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED JANUARY 31, 1995
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
NON-
PARTICIPANT
DIRECTED PARTICIPANT DIRECTED
GOTTSCHALKS GOTTSCHALKS
INC. INC. INCOME S&P
COMMON COMMON ASSET ACCUM- 500 GROWTH
STOCK STOCK ALLOCATION ULATION STOCK STOCK
FUND FUND FUND FUND FUND FUND
<S> <C> <C> <C> <C> <C> <C>
ADDITIONS TO PLAN ASSETS
ATTRIBUTED TO:
Investment income (loss):
Net appreciation (depreciation) in
fair value of investments ($236,924) ($242,986) ($42,837) $4,044 ($2,419)
Interest Income $40,134
-----------------------------------------------------------------------
( 236,924) (242,986) (42,837) 40,134 4,044 (2,419)
Contributions:
Employer 217,434
Participants 308,257 456,834 300,422 151,593 53,160
-----------------------------------------------------------------------
217,434 308,257 456,834 300,422 151,593 53,160
-----------------------------------------------------------------------
Total additions (deductions) (19,490) 65,271 413,997 340,556 155,637 50,741
-----------------------------------------------------------------------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Benefits paid to participants (165,952) (133,642) (106,057) (117,360) (25,401) (12,933)
Administrative expenses (116) (2,480) (3,034) ( 2,042) (696) (64)
-----------------------------------------------------------------------
Total deductions (166,068) (136,122) (109,091) (119,402) (26,097) (12,997)
-----------------------------------------------------------------------
NET INCREASE (DECREASE) PRIOR
TO INTERFUND TRANSFERS (185,558) (70,851) 304,906 221,154 129,540 37,744
INTERFUND TRANSFERS (11,275) 8,683 (111,195) (29,361) (43,513) (26,188)
-----------------------------------------------------------------------
NET INCREASE (DECREASE) (196,833) (62,168) 193,711 191,793 86,027 63,932
NET ASSETS AVAILABLE FOR BENEFITS:
BEGINNING OF YEAR 1,557,143 1,518,326 1,648,196 936,041 524,755 118,459
-----------------------------------------------------------------------
END OF YEAR $1,360,310 $1,456,158 $1,841,907 $1,127,834 $610,782 $182,391
=======================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
S&P
MIDCAP LOANS
STOCK TO
FUND PARTICIPANTS CASH OTHER TOTAL
<S> <C> <C> <C> <C> <C>
ADDITIONS TO PLAN ASSETS
ATTRIBUTED TO:
Investment income (loss):
Net appreciation (depreciation) in
fair value of investments ($9,294) ($530,416)
Interest Income $45,510 $1,032 86,676
------------------------------------- ------------
(9,294) 45,510 1,032 ( 443,740)
Contributions:
Employer $ 18,334 235,768
Participants 55,408 360 47,446 1,373,480
---------------------------------------------------------------------
55,408 360 65,780 1,609,248
---------------------------------------------------------------------
Total additions (deductions) 46,114 45,510 1,392 65,780 1,165,508
---------------------------------------------------------------------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Benefits paid to participants (6,999) (46,324) (5,210) (619,878)
Administrative expenses (151) (2,640) ( 11,223)
---------------------------------------------------------------------
Total deductions (7,150) (46,324) (7,850) (631,101)
---------------------------------------------------------------------
NET INCREASE (DECREASE) PRIOR
TO INTERFUND TRANSFERS 38,964 (814) (6,458) 65,780 534,407
INTERFUND TRANSFERS (26,527) 167,855 19,145 0
---------------------------------------------------------------------
NET INCREASE (DECREASE) 12,437 167,041 12,687 65,780 534,407
NET ASSETS AVAILABLE FOR BENEFITS:
BEGINNING OF YEAR 162,003 441,989 17,133 201,522 7,125,567
---------------------------------------------------------------------
END OF YEAR $174,440 $609,030 $29,820 $267,302 $7,659,974
=====================================================================
See notes to financial statements.
</TABLE>
<PAGE>
<TABLE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED JANUARY 31, 1994
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
NON.
PARTICIPANT
DIRECTED PARTICIPANT DIRECTED
GOTTSCHALKS GOTTSCHALKS
INC. INC. INCOME S&P
COMMON COMMON ASSET ACCUM- 500 GROWTH
STOCK STOCK ALLOCATION ULATION STOCK STOCK
FUND FUND FUND FUND FUND FUND
<S> <C> <C> <C> <C> <C> <C>
ADDITIONS TO PLAN ASSETS
ATTRIBUTED TO:
Investment income (loss):
Net appreciation (depreciation) in
fair value of investments ($200,316) ($214,520) $215,627 $55,929 $15,089
Interest Income $38,623
----------------------------------------------------------------------
( 200,316) ( 214,520) 215,627 38,623 55,929 $15,089
Contributions:
Employer $511,564
Participants 289,960 429,148 309,185 152,907 35,049
----------------------------------------------------------------------
511,564 289,960 429,148 309,185 152,907 35,049
----------------------------------------------------------------------
Total additions(deductions) 311,248 75,440 644,775 347,808 208,836 50,138
----------------------------------------------------------------------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Benefits paid to participants (206,554) (178,363) (130,573) (186,487) (74,759) (14,309)
Administrative expenses (95) (2,361) (2,508) ( 1,715) ( 620) ( 54)
-----------------------------------------------------------------------
Total deductions (206,649) (180,724) (133,081) (188,202) (75,379) (14,363)
-----------------------------------------------------------------------
NET INCREASE (DECREASE) PRIOR
TO INTERFUND TRANSFERS 104,599 (105,284) 511,694 159,606 133,457 35,775
INTERFUND TRANSFERS (205,400) (3,530) 19,113 14,657 9,201
-----------------------------------------------------------------------
NET INCREASE (DECREASE) 104,599 (310,684) 508,164 178,719 148,114 44,976
NET ASSETS AVAILABLE FOR BENEFITS:
BEGINNING OF YEAR 1,452,544 1,829,010 1,140,032 757,322 376,640 73,483
-----------------------------------------------------------------------
END OF YEAR $1,557,143 $1,518,326 $1,648,196 $936,241 $524,754 $118,459
=======================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
S&P
MIDCAP LOANS
STOCK TO
FUND PARTICIPANTS CASH OTHER TOTAL
<S> <C> <C> <C> <C> <C>
ADDITIONS TO PLAN ASSETS
ATTRIBUTED TO:
Investment income (loss):
Net appreciation (depreciation) in
fair value of investments $ 17,131 ($111,060)
Interest Income $35,222 $238 74,083
----------------------------------------------------------------------
17,131 35,222 238 (36,977)
Contributions:
Employer ($299,595) 211,969
Participants 42,706 (2,375) 45,574 1,302,154
----------------------------------------------------------------------
42,706 (2,375) ( 254,021) 1,514,123
----------------------------------------------------------------------
Total additions (deductions) 59,837 35,222 (2,137) ( 254,021) 1,477,146
----------------------------------------------------------------------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Benefits paid to participants ( 18,130) (45,262) (25,633) (880,070)
Administrative expenses (133) ( 2,285) ( 9,771)
----------------------------------------------------------------------
Total deductions ( 18,263) (45,262) (27,918) (889,841)
----------------------------------------------------------------------
NET INCREASE (DECREASE) PRIOR
TO INTERFUND TRANSFERS 41,574 (10,040) (30,055) ( 254,021) 587,305
INTERFUND TRANSFERS 70,529 53,449 41,982 (1) 0
----------------------------------------------------------------------
NET INCREASE (DECREASE) 112,103 43,409 11,927 ( 254,022) 587,305
NET ASSETS AVAILABLE FOR BENEFITS:
BEGINNING OF YEAR 49,900 398,580 5,207 455,544 6,538,262
----------------------------------------------------------------------
END OF YEAR $162,003 $441,989 $17,134 $201,522 $7,125,567
======================================================================
See notes to financial statements.
</TABLE>
<PAGE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED JANUARY 31, 1995 AND 1994
1. DESCRIPTION OF THE PLAN
The following description of Gottschalks Inc. Retirement
Savings Plan and Trust (the "Plan") is included for
informational purposes only. Participants should refer to
the Plan document for a more complete description of the
Plan's provisions.
a. General - The Plan is a defined contribution profit
sharing plan designed to cover all employees of
Gottschalks Inc. ("the Company"), who have completed at
least one year of employment with not less than 1,000
hours of service, are age twenty-one or older and are
not covered by a collective bargaining agreement. The
Plan is subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA).
b. Contributions - Each year participants may contribute
up to 10% of their annual eligible compensation to the
Plan. Such contributions are limited to a maximum of
$9,240 and $8,994 for the years ended January 31, 1995
and 1994, respectively, as prescribed by the Internal
Revenue Code. Participants may also contribute amounts
representing distributions from other qualified defined
benefit or defined contribution plans. The Board of
Directors of the Company may elect to make an annual
discretionary contribution to the Plan of up to 2% of
each participant's annual eligible compensation, not to
exceed each participant's contribution amount. The
Company's contributions may be made in the form of cash
or common stock of the Company. For the years ended
January 31, 1995 and 1994, the Company contributed
$235,768 and $211,969, respectively, to the Plan in the
form of common stock of the Company, representing 2% of
eligible compensation for one half of each of the years
ended January 31, 1995 and 1994.
c. Participant Accounts - Each participant's account is
credited with the participant's contribution and
allocations of (a) the Company's contribution and (b)
Plan earnings, and is charged with an allocation of
administrative expenses. Allocations are based on
participant earnings or account balances, as defined.
Forfeited balances of terminated participants'
nonvested accounts are used to reduce future Company
contributions to the Plan. All participants have a
proportionate undivided interest in the Plan's net
assets. The benefit to which a participant is entitled
is the benefit that can be provided from the
participant's vested account.
d. Loans to Participants - The Plan allows participants,
subject to certain rules, to borrow up to 50% of the
vested portion of their account balance, up to a
maximum of $50,000. Amounts borrowed are generally
repaid through automatic payroll deductions over a time
period not to exceed five years, except for loans for
the purchase of a primary residence which may be repaid
over a period of fifteen years. The collection of
principal and interest on loans to participants is
administered by the trust department of Wells Fargo
Bank, the Plan's Trustee. The loans are secured by the
balance in the participant's account and bear interest
at a fixed rate determined upon funding the loan equal
to the treasury rate plus 2%. Interest rates on
outstanding participant loans currently range from 5.4%
to 10.5%.
e. Vesting - Participants are immediately vested in their
voluntary contributions to the Plan, plus actual
earnings thereon. Vesting in the employer contribution
portion of their accounts plus actual earnings thereon
is based on years of continuous service. A participant
is 100 percent vested after four years of continuous
service, or if they leave the Company at or after age
65, or because of disability or death.
Vested amounts allocated to accounts of persons who
have withdrawn from participation in the earnings and
operations of the Plan were $217,000 at January 31,
1995 and $286,000 at January 31, 1994.
f. Investment Options - Upon enrollment in the Plan, a
participant may direct employee contributions among any
six of the following Wells Fargo Bank Investment Funds
for Retirement Plans. Participants may change the funds
chosen on a quarterly basis. Employer contributions to
the Plan are non-participant directed and are held in
the Gottschalks Inc. Common Stock Fund.
Gottschalks Inc. Common Stock Fund - Funds are
invested in common stock of Gottschalks Inc.
Asset Allocation Fund - Funds are invested in
common stocks, U.S. Treasury long bonds and money
market instruments.
Income Accumulation Fund - Funds are invested in a
variety of fixed-income securities.
S&P 500 Stock Fund - Funds are invested in common
stocks comprising the S&P 500 Index.
Growth Stock Fund - Funds are invested primarily
in common stock of growth companies.
S&P MidCap Stock Fund - Funds are invested in
common stocks comprising the S&P MidCap 400 Index.
g. Payment of Benefits - On termination of service, death,
permanent disability or normal retirement, the
participant shall receive a lump-sum distribution equal
to the vested value of the participant's account.
Distributions of terminated participant account
balances are made in the form of Company common stock,
cash or a combination of both. Payments are recorded
when made.
h. Administrative Expenses - The funds are charged an
annual management fee by the Trustee. Such fees ranged
from .28 to .75 of 1% of net assets available for
benefits during each of the years ended January 31,
1995 and 1994.
i. Plan Termination - Although it has not expressed any
intent to do so, the Company has the right under the
Plan to discontinue its contributions at any time and
to terminate the Plan subject to the provisions of
ERISA. In the event of plan termination, participants
will become 100 percent vested in their accounts.
2. PLAN AMENDMENT
Effective January 1, 1996, the Trustee of the Plan will be
changed to the Charles Schwab Trust Company. In connection
with changing the Trustee of the Plan, certain provisions of
the Plan have also been amended. Such significant
amendments include, but are not limited to, the following:
a. The Plan year-end will be changed from January 31 to
December 31 of each year;
b. The maximum annual voluntary employee contribution rate
has been increased from 10% to 15% of eligible
compensation, subject to certain limitations prescribed
by the Internal Revenue Service;
c. The various investment options available to
participants has been changed to provide participants
with options that more closely match investment risk
with a participants lifestyle. The six investment
options that will be available to participants include
the following: (1) the Money Market Fund (no risk); (2)
the Lifestyle Defensive Portfolio (low level of risk);
(3) the Lifestyle Conservative Portfolio (conservative
level of risk); (4) the Lifestyle Moderate Portfolio
(moderate level of risk); (5) the Lifestyle Aggressive
Portfolio (aggressive level of risk) and (6) the
Gottschalks Inc. Common Stock Fund (the common stock of
the Company).
d. The minimum loan amount that participants may borrow
against the vested portion of their account balances
has been increased to $500.
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The significant accounting policies of the Plan are as
follows:
a. Basis of Accounting - The financial statements of the
Plan are prepared in accordance with generally accepted
accounting principles using the accrual basis of
accounting.
b. Investments - Investments of the Plan at January 31,
1995 and 1994, are held and managed by the Plan's
Trustee and are combined in collective investment funds
with investments of unrelated plans.
Investments other than loans to participants are stated
at fair value as determined by the Plan's Trustee based
on quoted market prices. Loans to participants are stated
at cost which approximates their fair value. Investment
transactions are recorded as of the trade date. The cost
of investments sold is computed on an average cost basis.
c. Administrative Expenses - Certain administrative
functions of the Plan are performed by officers or
employees of the Company. No officer or employee receives
compensation from the Plan for such functions performed.
In addition, certain administrative expenses of the Plan,
including trustee fees, are paid directly by the Company.
4. TAX STATUS
On September 28, 1995, the Internal Revenue Service determined
that the Plan is qualified under Sections 401(a) and 501(a) of
the Internal Revenue Code and that the trust established under
the Plan is tax-exempt. Accordingly, no provision for taxes
has been made in the accompanying financial statements.
During the years ended January 31, 1995 and 1994, certain
employees of the Company that participate in the Plan made
elective contributions to the Plan in excess of annual
limitations prescribed by the Internal Revenue Code. Excess
contributions made by these participants, totalling $1,890 and
$46,833 in January 31, 1995 and 1994, are reflected as
refundable contributions payable to participants in the
accompanying statements of net assets available for benefits.
The Plan refunded such excess contributions made for those
plan years to the respective participants within the
prescribed time period.
5. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for
benefits per the financial statements to the Form 5500:
January 31
1995 1994
Net assets available for
benefits per the
financial statements $7,659,974 $7,125,567
Amounts allocated to
withdrawing participants (217,000) (286,000)
--------- ----------
Net assets available for
benefits per the Form 5500 $7,442,974 $6,839,567
========== ==========
The following is a reconciliation of benefits paid to
participants per the financial statements to the Form 5500:
Year Ended
January 31,
1995
Benefits paid to participants
per the financial statements $619,878
Add: Amounts allocated to
withdrawing participants
at January 31, 1995 217,000
Less: Amounts allocated to
withdrawing participants
at January 31, 1994 (286,000)
-------
Benefits paid to participants
per the Form 5500 $550,878
=======
Amounts allocated to withdrawing participants are recorded on
the Form 5500 for benefit claims that have been processed and
approved for payment prior to January 31, 1995 but not yet
paid as of that date.
******
<PAGE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST - SCHEDULE I
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
JANUARY 31, 1995
Description Fair
Identity of Issue Of Investment Units Cost Value
Wells Fargo Bank Gottschalks Inc. 556,614.27 $3,333,442 $2,816,468
Investment Funds Common Stock Fund
for Retirement
Plans
Wells Fargo Bank Asset Allocation 120,622.58 1,866,910 1,841,907
Investment Funds Fund
for Retirement
Plans
Wells Fargo Bank Income Accumulation 96,292.36 1,127,834 1,127,834
Investment Funds Fund
for Retirement
Plans
Wells Fargo Bank S&P 500 Stock Fund 36,205.20 603,154 610,782
Investment Funds
for Retirement
Plans
Wells Fargo Bank Growth Stock Fund 14,673.44 182,796 182,391
Investment Funds
for Retirement
Plans
Wells Fargo Bank S&P MidCap Stock 14,783.08 180,831 174,440
Investment Funds Fund
for Retirement
Plans
Loans to Interest at rates 609,030 609,030
Participants ranging from 5.4% to --------- ---------
10.5% $7,903,997 $7,362,852
<PAGE>
GOTTSCHALKS INC. RETIREMENT SAVINGS PLAN AND TRUST - SCHEDULE II
ITEM 27D - SCHEDULE OF REPORTABLE (5%) TRANSACTIONS
YEAR ENDED JANUARY 31, 1995
CATEGORY (iii) - Series of Transactions when aggregated involving
an amount in excess of 5 Percent of the Current Value of Plan
Assets
Identity of
Party Involved Purchase/
& Description Number of Selling Net Gain
of Assets (Units) Transactions Price Cost (Loss)
Purchases of Wells Fargo
Bank Investment Funds
for Retirement Plans:
Gottschalks Inc.
Common Stock Fund 67 $664,772
Asset Allocation Fund 69 564,314
Income Accumulation Fund 60 360,272
Sales of Wells Fargo
Bank Investment Funds
for Retirement Plans:
Gottschalks Inc.
Common Stock Fund 130 $443,864 $549,870 $(106,006)
There were no Category (i), (ii) or (iv) reportable transactions
during the year ended January 31, 1995. Commissions and fees for
purchases and sales of investments are included in the cost of the
investment or the proceeds from the sale and are not separately
identified.
********
