Gymboree is reportedly planning to close all 900 of its stores

Posted On: Jan 14, 2019   |   Posted By: Business Insider

Gymboree is reportedly planning to close all 900 of its stores

Gymboree is reportedly planning to file for bankruptcy protection and close all 900 of its stores.
The company filed for bankruptcy as recently as June 2017 and closed nearly 400 stores in the process.
Gymboree did not immediately respond to a request for comment.
Gymboree is reportedly nearing liquidation.
The children's clothing retailer is expected to file for bankruptcy protection this week and plans to close all 900 of its stores, which include the brands Gymboree, Janie and Jack, and Crazy 8, The Wall Street Journal reports, citing people familiar with the matter.
It's possible that the Janie and Jack stores could be salvaged, if the company finds a buyer for those stores, according to the report.
Gymboree did not immediately respond to a request for comment.
Gymboree has suffered sales declines for years.
The company previously filed for bankruptcy in June 2017 and closed nearly 400 stores in the process. At the time of the filing, it had 1,281 locations and employed more than 11,000 workers.
If you...

Continue reading ...

 






The last Posts from Business Insider



Hallelujah! Russiagate cultists ecstatic as Mueller set to testify before House

Hallelujah! Russiagate cultists ecstatic as Mueller set to testify before House

House Democrats have finally compelled special counsel Robert Mueller to testify before the Judiciary and Intelligence Committees next month in an appearance eagerly... Read more ...

US military says 2 service personnel killed in Afghanistan

US military says 2 service personnel killed in Afghanistan

KABUL, Afghanistan - The U.S. military says two service members have been killed in Afghanistan. It did not offer any details surrounding the circumstances of their deaths. The... Read more ...

House passes emergency funding bill for migrant care crisis

House passes emergency funding bill for migrant care crisis

The emergency border aid package would care for thousands of migrant families and unaccompanied children detained after crossing the U.S.-Mexico border. Read more ...

Special counsel Robert Mueller to testify publicly on July 17 following a...

Special counsel Robert Mueller to testify publicly on July 17 following a subpoena

He will testify publicly before two committees on Wednesday, July 17, according to a joint statement. Read more ...

Mom beaten and knocked unconscious by son's 13-year-old bully, family says

Mom beaten and knocked unconscious by son's 13-year-old bully, family says

The woman was attacked the day after three students told her 12-year-old son that he should “go back to Mexico.” Read more ...

San Francisco becomes first major US city to ban e-cigarette sales

San Francisco becomes first major US city to ban e-cigarette sales

The ban includes sales in brick-and-mortar stores and online sales shipped to a San Francisco address. Read more ...

Body camera video shows moment abandoned baby found crying in plastic bag

Body camera video shows moment abandoned baby found crying in plastic bag

Authorities in Georgia released body camera video of a newborn who was found wrapped in a plastic bag and abandoned in a wooded area earlier this month. Read more ...

Acting US Customs and Border Protection Commissioner to leave

Acting US Customs and Border Protection Commissioner to leave

Acting Customs and Border Protection Commissioner John Sanders is resigning, effective July 5. Read more ...

Military service members attend funeral of 5-year-old who died of cancer

Military service members attend funeral of 5-year-old who died of cancer

A 5-year-old Arkansas boy who died of cancer was laid to rest in a funeral attended by active-duty service members paying tribute to the little “soldier.” River “Oakley” Nimmo... Read more ...

Melania Trump's senior aide to replace Sarah Sanders

Melania Trump's senior aide to replace Sarah Sanders

Stephanie Grisham, a top aide to first lady Melania Trump, will be the next White House press secretary and communications director. “She has been with us since 2015 - potus &... Read more ...