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Gymboree said it intends to shut its Crazy 8 store locations and cut the number of Gymboree store locations in 2019.
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] Crazy 8 was started in August 2007. It featured lower-priced clothing and was Gymboree's direct competitor for The Children's Place and Old Navy.
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]
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 ...
The retail apocalypse refers to the closing of numerous brick-and-mortar retail stores in the United States, especially those of large chains, beginning around 2010 [2] [3] and accelerating due to the mandatory closures during the COVID-19 pandemic.
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