The Gymboree Corporation Reports April Sales
Thursday, May 08, 1997 12:05 PM
BURLINGAME, Calif.--(BUSINESS WIRE)--May 8, 1997--The Gymboree Corporation (NASDAQ:GYMB) reported net sales for the four week period ended May 3, 1997 of $23.8 million, an increase of 11% from sales of $21.4 million for the same period last year. Comparable store sales for the four week period decreased 7% compared to last year.
Net sales for the first fiscal quarter ended May 3, 1997 were $85.2 million, an increase of 23% from sales of $69.1 million for the same period last year. Comparable store sales for the quarter increased 2% compared to last year.
The Gymboree Corporation designs, manufactures, and retails unique, high quality apparel and accessories for children from birth to seven years of age. The Company operates 380 stores which includes 373 stores in 48 states in the U.S. and 7 stores in Canada. The Company also offers directed parent-child developmental play programs at over 375 franchised centers.
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