Gymboree 4Q Same-Store Sales Drop 2%

San Francisco Gymboree Corp. said Thursday its same-store sales fell 2% in the fourth quarter. Net sales rose 4% to $285.3 million for the quarter ended Jan. 31, from $275.3 million a year ago.

Gymboree chairman and chief executive Matthew McCauley said in a statement the company is touting value in marketing efforts to attract price-sensitive customers in the downturn.

Still, earnings this year are expected to be lower than in the past year, McCauley said.