Gymboree Engages LogicSource for Print and Retail Procurement Services

Significant Cost Savings to Be Pursued Through Operational Enhancements and Procurement Leverage

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Jun 21, 2012, 10:00 ET

SAN FRANCISCO and NORWALK, Conn., June 21, 2012 /PRNewswire/ -- San Francisco-based specialty retailer The Gymboree Corporation and procurement management firm LogicSource, Inc. today announced an agreement under which LogicSource will provide procurement and management expertise to deliver cost savings to Gymboree. Terms of the agreement were not disclosed.

LogicSource conducted a detailed analysis of Gymboree's procurement spend and identified significant savings opportunities. LogicSource will give Gymboree access to its broad-reaching procurement industry expertise, provide a comprehensive vendor network, and drive efficiencies through smart centralization.

"We look forward to the opportunity to drive savings through LogicSource's industry expertise and gain efficiencies through centralization. The LogicSource partnership will give us access to a broader supply chain resulting in savings through their unique gain share model," said Gymboree Chief Executive Officer, Matthew McCauley.

"We're confident Gymboree has made the right choice in partnering with LogicSource, and we couldn't be more excited to welcome them to our family of clients," said LogicSource CEO David Pennino. "By providing excellent procurement management services and tools, LogicSource allows our partners to focus solely on what they do best while seeing significant savings by purchasing more efficiently."

About The Gymboree Corporation
The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of March 31, 2012, the Company operated a total of 1,155 retail stores: 633 Gymboree® stores (588 in the United States, 41 in Canada, 1 in Puerto Rico and 3 in Australia), 153 Gymboree Outlet stores, 126 Janie and Jack® shops and 243 Crazy 8® stores in the United States. The Company also operates online stores at www.gymboree.com, www.janieandjack.com and www.crazy8.com, and offers directed parent-child developmental play programs at 711 franchised and Company-operated Gymboree Play & Music® centers in the United States and 39 other countries.

About LogicSource
LogicSource is a procurement management firm specializing in printed materials and related commodities and services. The company focuses on driving measurable and sustainable cost savings and uses an innovative risk/reward approach in which it shares the benefits of the savings it creates with client partners. LogicSource is headquartered in Norwalk, Conn. LogicSource is owned by Bain Capital Ventures (www.baincapitalventures.com). For more information, visit www.logicsource.com.

SOURCE LogicSource