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Disney Baby opens its first store
New York -- The Walt Disney Co. on Thursday will open its first store under the Disney Baby banner, USA Today reported. The new store is located in Americana, an upscale shopping center in Glendale, Calif.
“This gives Disney the opportunity to reach out to moms when magical moments begin," Bob Chapek, president of Disney Consumer Products, told USA Today. "There's no more special occasion than the birth of a baby."
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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.