Exhibit 99.2

     Correction -- The Gymboree Corporation

     Thursday May 8, 11:24 am ET

     In the news release, The Gymboree Corporation Reports April and First
Quarter Sales, issued earlier today by The Gymboree Corporation (Nasdaq: GYMB -
News) over PR Newswire, we are advised by the company that the fifth paragraph
should read, "The Company also projects that comparable store sales in May will
be in the range of flat to low positive single digits compared to the same
period last year," rather than, "The Company also projects that comparable store
sales in May will be in the positive mid single digits compared to the same
period last year," as originally issued inadvertently.