The Gymboree Corp., which declared Chapter 11 bankruptcy reorganization, announced it means to close approximately 350 stores, mainly throughout its Gymboree and Crazy 8 brand names.
The San Francisco-based garments seller runs more than 1,300 specialized shops under three brand names: mid-level Gymboree, higher-end Janie & & Jack and Crazy 8, a value-oriented line.
“Right-sizing our shop footprint is a central part of our efforts to ensure Gymboree emerges from this restructuring process as a stronger and more competitive company,” stated Daniel Griesemer, CEO of Gymboree.
The business has actually partnered with Terrific American Group and Tiger Group to handle closing sales in its Gymboree, Gymboree Outlet and Crazy 8 shops. The closing sales at affected stores are set up to start next week.
The seller posted a list of store closings online at Gymboree Restructuring Details