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Report: Retailers will lose $50 per person in shrink this holiday season
The retail loss burden overall is expected to be $132 per person this year. However, $50 of this loss — about twice as much as in other calendar quarters — is expected to be incurred in this holiday season, according to “The 2016 Retail Holiday Season Global Forecast” from Checkpoint Systems. The report provides an analytical view of business risks that major retailers face during this holiday season. -
Gymboree reports tough third quarter
A rough summer season, and an adjusted fiscal year end, took a toll on Gymboree’s third quarter earnings. The retailer’s net sales for the three months ended July 30, 2016, were $250.3 million, a decrease of 4% compared to $261.8 million for the three months ended August 1, 2015.

