- 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.
A Gymboree liquidation would not impact Gymboree Play & Music, a company with more than 800 locations that was sold in 2016. Gymboree Play & Music offers music, art, and play classes for babies and toddlers.
If you work at Gymboree and have information to share, contact [email protected]
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