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Gymboree CEO ‘encouraged’ by Q3 comps
A sharper focus on merchandising and marketing netted positive results for Gymboree, as the company reported an increase in same store sales for the third quarter.
But the company did report a steep loss of $522.1 million, compared with a loss of $24 million for the third quarter of fiscal 2013. Same store sales increased 1%. Net sales were $316.8 million, compared with $309.8 million in the third quarter of fiscal 2013.
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Study – Indian e-commerce market to reach $51 billion by 2017
Washington, D.C. – The recent spate of investments in Indian e-commerce ventures appear to be based on solid expectations. According to a new report from MarketResearch.com, the e-commerce market in India will reach $51 billion by 2017, growing at a CAGR (compound annual growth rate) of 43% during 2012-2017.
