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Gymboree is the second U.S. retailer to file for bankruptcy on Wednesday. Earlier, Shopko Stores, a general merchandise store operator, filed a voluntary petition in Nebraska.
In 1986, the company opened a chain of clothing stores named Gymboree. Gymboree stores offered coordinating children's clothing. The sizes ranged from newborn to size ten. As of January 2019, it operated 380 Gymboree stores, 154 Gymboree outlets, 147 Janie & Jack stores, 253 Crazy 8 stores, and 11 Crazy 8 outlets in the U.S. and Canada. [2]
It sells its products primarily under its proprietary brands The Children’s Place, Gymboree, Sugar & Jade, PJ Place and Crazy 8. The company has about 525 stores in the U.S., Canada and Puerto Rico, and also sells via two online outlets and through five franchise partners in 15 countries.
Gymboree said it intends to shut its Crazy 8 store locations and cut the number of Gymboree store locations in 2019.
Longtime kids' clothing seller Gymboree filed for bankruptcy in January 2019 and said it would close all 800-plus remaining locations of both Gymboree and its lower-priced Crazy 8 stores. The move ...
Gymboree first announced in the summer of 2017 that it would close 375 to 450 stores, and subsequently announced in January 2019 that it would be shutting down all Gymboree and Crazy 8 stores after its second bankruptcy filing in two years. [154] [155] Its more upscale Janie and Jack business was sold to Gap. [156]