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Article: Gymboree 3rd-qtr sales comparison falls 4 percent
- Article from:
- AP Online
- Article date:
- November 5, 2009
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The Gymboree Corp. on Thursday said its third-quarter sales at stores open at least a year fell 4 percent, but the children's retailer nevertheless raised its profit forecast for the period.
The figure is an important gauge of retail health, because it measures performance at existing stores, rather than newly opened ones.
Net sales for the quarter ended Oct. 31 rose 2 percent, to $265.6 million, from $261.3 million a year ago.
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