FINANCE

Gymboree Corp. narrows loss in Q4; plans 105 stores in 2012

BY Katherine Boccaccio

San Francisco — The Gymboree Corp. reported Wednesday that it narrowed its loss in the quarter ended Jan. 28 to $24.9 million, compared with a loss of $47.3 million a year earlier.

Sales for the quarter increased 11.9% to $355.8 million, from $318.0 million last year. Same-store sales rose 6%.

The company announced that it plans to open 105 new stores in fiscal 2012, including 80 Crazy 8 stores.

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M.Fourcall says:
Nov-02-2012 02:50 am

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M.Fourcall says:
Nov-02-2012 02:50 am

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OPERATIONS

Report: Mexico to open probe into Wal-Mart allegations

BY Staff Writer

New York — A Wednesday report by Reuters said that the Mexican federal comptroller’s office has given the go-ahead to open an investigation into allegations that Wal-Mart Mexico bribed officials to expand its business in the country.

"If wrongdoing attributable to federal public officials is detected, the federal government will take action," the office said.

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STORE SPACES

Sears expands ‘Scrubology’ shops

BY Staff Writer

Hoffman Estates, Ill. — Sears Holdings has expanded the availability of its in-store professional apparel shop to 91 Sears and Kmart stores nationwide. The concept, called, "Scrubology," is already open in 39 stores and offers work apparel and uniforms for professionals in industrial, service and healthcare fields.

The concept is a partnership with Work ‘N Gear.

"Sears Holdings is pleased thus far with the performance of the Scrubology concept,” said Dave Schuvie, VP licensed businesses for Sears Holdings. “This venture with Work ‘N Gear and the development of this unique ‘store-within-a-store’ concept has allowed us to provide additional value to our customers."

The expansion of 52 new Scrubology locations inside select Sears and Kmart locations will occur by May, said the company.

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