Gottschalks: Deadline This Wednesday

Whoever wants to purchase Gottschalks has until this Wednesday to submit their proposals. If nobody steps forward by then, Gottschalks will go to a consortium of liquidators.

Supposedly there are three retail companies that are considering purchasing Gottschalks and keeping at least some of their branches open: Golden Gate Capital Corp. of San Francisco, GK Development Inc. (based in Illinois) and El Corte Inglés, a Spanish retail conglomerate.

Keep your fingers crossed.