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The Gymboree Corporation Names Mark Breitbard CEO

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SAN FRANCISCO, Jan. 8, 2013 /PRNewswire via COMTEX/ -- The Gymboree Corporation ("Gymboree") today announced the appointment of Mark Breitbard as the company's new Chief Executive Officer. An accomplished retail executive, Breitbard will join Gymboree from Gap Inc., where he most recently served as President of Gap North America, and previously as the Executive Vice President of GapKids and babyGap.

Breitbard's appointment at Gymboree is effective January 14, 2013, when he assumes his responsibilities from interim CEO Kip M. Garcia. Garcia will resume his former duties as President when Breitbard joins the company, and interim Chief Operating Officer Yvonne Hao will continue to work closely with the Gymboree management team as she returns to her role as an Operating Partner at Bain Capital.

Breitbard brings to Gymboree a distinguished retail career in positions of increasing responsibility with leading apparel brands. In addition to his experience at Gap brand, Breitbard previously served as President of Levi's U.S. retail and held executive leadership positions at Abercrombie & Fitch, Banana Republic and Old Navy. In these various roles, Breitbard has worked successfully across a variety of functions including merchandising, real estate, marketing, web commerce, and sourcing. He has a demonstrated track record of creating effective go-to-market strategies that optimize product appeal, customer experience in store and online, and marketing initiatives.

"I am thrilled by the opportunity to join Gymboree, an established leader in the children's apparel market with strong brands, a loyal and valuable customer franchise, a values-based culture, and a passionate team," said Breitbard. "I look forward to working with our associates and leadership team to build on the strategies they've developed and drive our growth opportunities in our core business, in our new concepts such as Crazy 8, and in our international markets."

A native San Franciscan, Breitbard, grew up in Los Angeles and graduated from Vassar College. He earned an M.B.A. degree from the Haas School of Business at the University of California, Berkeley.

About The Gymboree Corporation

The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of October 27, 2012, the Company operated a total of 1,228 retail stores, as follows: 634 GymboreeA? stores (consisting of 586 in the United States, 41 in Canada, 1 in Puerto Rico and 6 in Australia), 156 Gymboree Outlet stores, 130 Janie and JackA? shops and 308 Crazy 8A? stores in the United States. The Company also operates three online stores at www.gymboree.com, www.janieandjack.com and www.crazy8.com, and offers directed parent-child developmental play programs at 714 franchised and Company-operated Gymboree Play & MusicA? centers in the United States and 42 other countries.

SOURCE The Gymboree Corporation

Copyright (C) 2013 PR Newswire. All rights reserved

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an automated pattern recognition system, indicated a DOWNTREND on
05-18-2012 for GPS @ $26.02.

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