Children’s Clothing Retailer Gymboree Is Going Out of Business

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Children’s clothing retailer Gymboree is filing for bankruptcy for a second time in three years and will close its remaining 900 stores, according to media reports. The company’s brand includes — Gymboree, Janie and Jack, and Crazy 8. Selling off the businesses could spare Janie and Jack brand from liquidation, according to the report.
Children#8217;s Clothing Retailer Gymboree Is Going Out of Business 483503838
Gymboree first filed for bankruptcy in 2017, leading to the closure of about 350 of its 1,281 locations — most of them Gymboree stores. The Wall Street Journal first reported that the company intends to seek bankruptcy protection this week, with plans to close all 900 of its stores. The company now operates an estimated 900 retail stores in the United States and Canada under its three brands, according to its corporate website.

Last month, Gymboree announced it had begun a “comprehensive review of strategic options,” the end result of which could be a sale “at the brand level,” the company said.

Gymboree was founded in the 1970s as a company that offered music and activity classes for toddlers and parents. In the 1980s the company went on to launch their clothing brand.

While the San Francisco based clothing stores are set to close, most Gymboree Play & Music locations will remain open. If you’re a fan of the children’s clothing retailer, better get your shopping in while the doors are still open!

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