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Gymboree Corp. narrows loss in Q4; plans 105 stores in 2012
San Francisco -- The Gymboree Corp. reported Wednesday that it narrowed its loss in the quarter ended Jan. 28 to $24.9 million, compared with a loss of $47.3 million a year earlier.
Sales for the quarter increased 11.9% to $355.8 million, from $318.0 million last year. Same-store sales rose 6%.
The company announced that it plans to open 105 new stores in fiscal 2012, including 80 Crazy 8 stores.
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Best Bye?
Fresh off the resignation of CEO Brian Dunn and the revelation that the company lost a not-so- insignificant sum of $1.7 billion last quarter, Best Buy’s recent announcement to close 50 stores by the end of 2012 probably didn’t come as a surprise to anyone in our industry. What may have been surprising to some — myself included — is their plan to roll out 100 Best Buy Mobile stores.