USA: Gymboree Reveals Rise In Q4 Income
Children's apparel and accessories retailer The Gymboree Corporation on Wednesday reported a rise in net income to $10.5 million, or $0.35 per share, for the fourth quarter, compared to a net loss of $1.2 m, or $0.04 per share, in the year-ago period. The firm, which operates 580 stores in the US, Canada and Europe, said comparable store sales for the four-week period ended March 2, 2002, were flat compared to a 53 per cent comparable increase during the same four-week period last year. Net sales for the four-week period were $37.1m, versus $37.6m last year.
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