Gymboree Plans 105 New Stores in 2012

San Francisco-based children’s retailer Gymboree has announced plans to open 105 locations in 2012, 80 of which will be offshoots of its Crazy 8 chain. The news comes as the company reported a net income of $4.2 million for the quarter ended April 28, compared with a loss of $10.4 million in the same period last year. Sales rose 10.2 percent to $297.8 million and same-store sales edged up 1 percent.