Caption

Children’s clothing retailer closing 350 stores, including 3 locally

A children’s clothing retailer is closing 350 stores, including locations in Dayton and Cincinnati.

Gymboree announced the company will close approximately 11 stores will close in Ohio and 350 across the U.S., and closing sales will begin on Tuesday. The company will have more than 900 locations after the stores are shut down. Gymboree also operates Janie and Jack stores and Crazy 8 stores.

The store at the Dayton Mall will close. The location at The Greene Town Center in Beavercreek will remain open, according to The Greene’s general manager Steve Willshaw.

“Today’s announcement represents the next step in the Company’s court-supervised financial restructuring as we work to more strongly position the business for long-term growth and success,” said Daniel Griesemer, CEO of Gymboree, in a statement.

» RETAIL APOCALYPSE: What’s really going on?

Recommended for you

Recommended for you

Recommended for you

Most read

  1. 1 Police: Miami Twp. officer hit on SB I-75 ‘awake but very sore’
  2. 2 Latest Xenia News and Xenia Buccaneers H.S. sports
  3. 3 Florida commissioner allegedly fed, housed couple in exchange for sex

The San Francisco-based company says it is seeking to reduce its debt by $900 million. It expects to operate its business and majority of its 1,300 stores during the restructuring.

Gymboree is the latest retailer to file Chapter 11, close stores or go out of business entirely in 2017. Shoe chain Payless ShoeSource filed for bankruptcy protection in April and The Limited closed all 250 of its remaining stores early this year. Teen retailer Wet Seal in January said it would close its 171 stores.

Stores closing locally include:

• Gymboree

Tri County Mall

11700 Princeton Pike,

Cincinnati

• Gymboree

Dayton Mall

2700 Miamisberg Centerville Road

• Gymboree Outlet

Tanger Outlets - Jeffersonville

8305 Factory Shops Blvd.

Jeffersonville

FIVE FAST BUSINESS READS

» Skyline brings back popular menu deal for limited time

» German grocery retailer Lidl looks to expand in Ohio

» Kroger introduces 1,000 new products, including low-calorie ice cream

» 5 HAPPIEST COUNTRIES: US ranking slips in World Happiness Report

» Dayton lands in 25 best towns for outdoorsy people

More from Daytondailynews