Department Store

New York - Gymboree Corp. said Monday it did not receive any offers that top Bain Capital's $1.8 billion bid for the company and so the buyout will proceed.

The allotted time for Gymboree to receive competing offers expired Friday.

"Despite a broad solicitation of potentially interested parties, the Company did not receive any alternative acquisition proposals during the 'go-shop' period," Gymboree said in a statement.

Schaumburg, Ill. - Nearly one in five Americans will shop on Black Friday, and more than half (61%) plan to spend $100 to $500, according to a new survey by The Nielsen Company.  Among the likely Black Friday winners are department stores, with 76% of consumers planing to shop the channel, and supercenters/mass merchandisers, where 55% will shop.

New York - Anne Fontaine has opened a store at South Coast Plaza, Costa Mesa, Calif.  The 1,510 –sq.-ft. shop is based on the company’s New York flagship designed by architect Andree Putman.

The new store combines natural materials and textures that embody the essence of Fontaine’s love of modernity and nature.

"The concept behind the shop is simple; to experience a little bit of the French lifestyle," said designer Anne Fontaine

New York — Shoppers opened up their wallets in early November, providing retailers with some early holiday cheer. Spending on apparel, jewelry and luxury goods showed strong increases from the same time a year ago, according to MasterCard Advisors' SpendingPulse, which includes transactions in all forms including cash.