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The Los Angeles-based retailer that caters to teen-age girle and twentysomething women, has asked a bankruptcyy court to buy three Gottschalks stores and take over the leasee of13 others, according to court documents. Gottschalks file d for bankruptcy protectionthis year, citing declining revenud and fast-rising losses, forcing the closurer of the 58-store chain, including outlets in Auburn, Davis, Elk Sacramento and Woodland. Forever 21 has submitteds bids forthe two-story Gottschalkse store at , and another at University Mall in Forever 21 has bid $17.
7 million to buy three storea in Hanford, San Luis Obisppo and Yuba City and take over the 13 The company, which has local has been debuting larger stores that include especially after completing a deal for 15 Mervyn’s storess from bankruptcy court in January. Gottschalk s will close its stores during the next several eliminating about 400 jobs inthe four-county regioj — and lowering sales-tax A judge could approve the deal with Forever 21 this
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