Gymboree says no material earnings Impact from embargo of goods manufactured in China
16 Jul '05
2 min read
Internationally family specialty retail brands products provider The Gymboree Corporation announced it does not expect that the recent embargo of select apparel products manufactured in China will have a material impact on its business.
On July 14, 2005, the Company received a series of inquiries about the effect of the recent embargo. The Company has been monitoring the situation for a number of months and has strategies in place to limit its exposure.
The Company believes that only a small number of purchase orders will be impacted by the recent and potential embargoes. The Company also stated that due to the small value of the purchase orders involved, the embargoes are not expected to have a material impact on net income for the remainder of fiscal 2005.
The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of July 2, 2005, the Company operated a total of 645 stores: 572 Gymboree retail stores (544 in the United States and 28 in Canada), 58 Janie and Jack retail shops and 15 Janeville? Stores in the United States.
The Company also operates online stores at gymboree.com and janieandjack.com, and offers directed parent-child developmental play programs at 521 franchised and company-operated centers in the United States and 23 other countries.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
