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Gymboree profit, comps dip in Q3

BY Katherine Boccaccio

San Francisco — The Gymboree Corp. reported Wednesday that net income for the quarter ended Oct. 27 fell 22.6% to $46.9 million from $60.6 million in the year-ago period.

Sales edged up 2.8% to $311.5 million, but same-store sales dipped 4% in the quarter.

During fiscal 2012, the company said it maintains its plans to open approximately 124 new stores, including 98 Crazy 8 stores.

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QVC to acquire Oodle to fuel social commerce

BY Staff Writer

West Chester, Pa. — QVC announced that its wholly owned subsidiary, California Voices, has signed a definitive agreement to acquire Oodle, a social commerce leader that runs the Oodle Marketplace application on Facebook. The acquisition is expected to close by Dec. 31.

"The QVC shopping experience is fundamentally social in nature," said Claire Watts, QVC U.S. CEO. "With this acquisition, we can fuel our evolving social commerce experience. Oodle brings a great team that shares our values and passion for creating a rich customer experience."

Oodle is a social marketplace where users buy, sell, and give with friends, friends of friends, neighbors, co-workers, and other people in their local community. Oodle’s Marketplace, which has over 11 million unique monthly users, is available on Oodle, Facebook, and iPhone, iPad, iTouch, and Android devices.

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Store Design of the Year deadline looms

BY CSA STAFF

Time is running out to submit entries in the 31st annual Chain Store Age Retail Store of the Year Design Competition.

Entries are being accepted until December 17 in a competition that annually recognizes the most interesting and innovative designs the retail and restaurant industries have to offer. More than 20 categories are featured, ranging from supermarkets and discount/mass merchants to specialty stores and drug stores. Entries may be submitted by retailers, designers, architects or suppliers. For more information on the submission process and to download an entry form click here.

For more information, email Chain Store Age Editor-in-Chief Marianne Wilson at [email protected].

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