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Rakuten’s expanding footprint reaches America
Online marketplace Rakuten Inc. has acquired Webgistix, a Las Vegas-based logistics and services company specializing in cloud-based fulfillment technology for e-commerce retailers. The acquisition is Rakuten’s second logistics investment outside of Japan and its first in the Americas.
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Gymboree Corporation’s Q1 net sales dip
SAN FRANCISCO — The Gymboree Corporation is looking to leverage the rebounding economy and trends for the rest of 2013, following a dip in its net sales for the first quarter ended May 4.
The company reported net sales of $293 million for the quarter, a 1.7% decrease from $298 million for the first quarter ended April 28, 2012. Comparable sales for the quarter decreased 5% versus the first quarter of the year prior.