Gymboree Named `Best in Decision Systems' by Retail Group.BURLINGAME, Calif.--(BUSINESS WIRE)--June 7, 1999-- The Gymboree Corporation The Gymboree Corporation is a publicly-traded San Francisco-based corporation that operates a chain of almost 600 "Gymboree" retail speciality stores for children and women in the United States and Canada. (Nasdaq: GYMB) today received the Retail Systems Alert "Best in Decision Systems" Award. The award was presented at the Retail Systems 1999 Conference & Exposition in Chicago. "Gymboree has become an industry role model in exceptional inventory and pricing management," the Retail Systems Alert Advisory Board said. "Gymboree's visionary approach to inventory productivity and markdown Markdown The difference between the highest current bid price among broker-dealers in the market and the lower price that a dealer charges a customer. Notes: The broker offers a lower price to try stimulate trading in hopes that they will make the money back on the extra management has paved the way for the implementation of groundbreaking decision support tools that make the management of major merchandising decisions more scientific and less of a high stakes gamble." "We are delighted to be recognized as an industry leader in advanced decision systems," said Gary White, Gymboree's Vice-Chair and Chief Executive Officer. "Combining technology and statistics with our retailing instincts positions us to respond quickly to customer demands and to maximize return on investment. For Gymboree at this time, there is no more important initiative than managing our inventories intelligently. This award endorses the efforts we have made to achieve this goal." Gymboree's decision support system is based on an advanced mathematical optimization model developed for the company by Technology Strategy, Inc. of Cambridge, Massachusetts. Carver Johnson, Gymboree's Chief Information Officer, and Ed Wong, Vice President of Planning & Allocation, accepted the award for Gymboree. The award jury consisted of information systems executives from retailers including AutoZone International (NYSE NYSE See: New York Stock Exchange : AZO), Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. (NYSE: BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter ), Gadzooks gad·zooks interj. Used as a mild or ironic oath: "Gadzooks! Is there a panic detector, akin to a smoke detector, that sniffs anxiety in the air?" George F. Will. (Nasdaq: GADZ GADZ Gadzooks (stock symbol) ), The Home Depot (NYSE: HD), and Saks, Inc. (NYSE: SKS SKS Szkolny Klub Sportowy (Polish: School Sports Club) SKS Some Kind Soul SKS Samozariadnyia Karabina Simonova (Russian military carbine) SKS Vojens Lufthavn, Denmark - Jojens ). The Retail Systems 1999 Achievement Awards are presented by Retail Systems Alert Group, the leading provider of business intelligence services for the retail, e-commerce, and supply chain industries. The group provides analysis and insight about a broad spectrum of retail, e-commerce, and supply chain issues through publications, conferences and expositions, Internet services, special reports, and customized research. See www.retailsystems.com for more information. The Gymboree Corporation designs, manufactures and retails unique, high-quality apparel and accessories for children. The Company operates 589 stores, which includes 542 stores in the United States, 18 stores in Canada and 29 stores in Europe. The company also offers directed parent-child developmental play programs at 394 franchised and company-operated centers in the United States and 9 foreign countries. |
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