sales

Gymboree to Close Up to 450 Stores, Filing for Bankruptcy

Gymboree to Close Up to 450 Stores, Filing for Bankruptcy

The Gymboree Corporation (NASDAQ: GYMB), a Kids’ clothing retailer, filed for a Chapter 11 bankruptcy reorganization to reduce its debts. The company also announced to close stores in respond to the pressure on retailers.Gymboree was foun..

U.S. Arts and Craft Store, Michaels’ earnings fell below estimates

U.S. Arts and Craft Store, Michaels’ earnings fell below estimates

Michaels Companies, Inc. (NASDAQ: MIK) fell short early trading day on Tuesday, as earnings reported less than analyst estimates. According to their press release, Michaels reported a net sales of $1.16M, a decrease of 1.2% from Q1 2016. Operat..