Improved procurement processes at Gymboree are being eyed as a means for the specialty retailer to reduce expenses.
Gymboree, operator of 1,155 stores, said it retained the procurement management firm LogicSource after the firm 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, according to LogicSource.
“We look forward to the opportunity to drive savings through LogicSource’s industry expertise and gain efficiencies through centralization,” said Gymboree CEO Matthew McCauley. “The LogicSource partnership will give us access to a broader supply chain resulting in savings through their unique gain share model.”
LogicSource specializes in printed materials and related commodities and services with a focus on driving measurable and sustainable cost savings that it shares with clients. The Norwalk, Conn.-based company is owned by Bain Capital Ventures.
“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.”
Gymboree’s store network consists of 633 Gymboree stores, 153 Gymboree outlet stores, 126 Janie and Jack shops and 243 Crazy 8 stores.