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Non-Tech : Gymboree "GYMB" -- Ignore unavailable to you. Want to Upgrade?

To: Scott Schmitz who wrote (96)	6/5/1998 6:43:00 AM
From: Stephen McCullough	Respond to of 189

NEWS: Thursday June 4, 8:04 am Eastern Time Company Press Release The Gymboree Corporation Reports May Sales Up 26% and Comp Sales Up 7% BURLINGAME, Calif.--(BUSINESS WIRE)--June 4, 1998--The Gymboree Corporation (NASDAQ:GYMB - news) reported net sales for the four week period ended May 30, 1998 of $29.3 million, an increase of 26% from sales of $23.2 million for the same period last year. Comparable store sales for the four week period increased 7% compared to last year. Net sales for the 17 weeks ended May 30, 1998 were $132.4 million, an increase of 22% from sales of $108.4 million for the same period last year. Comparable store sales for the 17 week period 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 471 stores which includes 447 stores in 48 states in the U.S., 12 stores in Canada, and 12 stores in Europe. The Company also offers directed parent-child developmental play programs at over 390 franchised centers. The foregoing paragraphs may contain forward-looking statements within the meaning of the Federal Securities laws. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including competitive market conditions, the degree of promotional pricing activity by the Company, inventory levels, the ability of the Company to successfully identify and respond to emerging children's fashion trends, the ability of the Company to effectively monitor and control costs, the ability of the Company to effectively manage international and domestic growth, levels of discretionary consumer spending and general economic conditions. Other factors that my cause actual results to differ materially include those set forth in the reports that the Company files from time to time with the Securities and Exchange Commission Contact: The Gymboree Corp. Investor Contact, 650/696-7540 or Kekst and Company Dawn Dover, 212/521-4817