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Supervalu to shutter 60 stores
MINNEAPOLIS — Supervalu is closing approximately 60 stores as the company moves forward with its turnaround plans. The company will shutter 38 stores in its retail food reporting segment and 22 Save-A-Lot locations. The majority of the stores are expected to close before Dec. 1, the end of the company’s fiscal 2013 third quarter.
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Gymboree Corp. narrows loss in Q2; on track to open 115 stores
San Francisco -- The Gymboree Corp. reported Wednesday a loss of $14.1 million in the second quarter, compared with a loss of $6.9 million for the same period last year.
Sales rose 3.8% to $268.8 million, from $259.0 million last year, and same-store sales dipped 1%.
During fiscal 2012, the company reiterated its plans to open 115 new stores, including 90 locations for its value-priced Crazy 8 concept.