Gymboree considers closing half its stores

Gymboree Group is reportedly considering a major downsize that would cut its store count in half.

The children's clothing retailer currently has about 900 stores. Unnamed sources close to the situation told Reuters the company hired a consulting firm to evaluate options for the downsize.

»PHOTOS: Luxury condo with downtown view on market for $320K

Gymboree was one of the few retailers that entered bankruptcy and was able to escape without liquidating. Several other companies like Bon-Ton, Sears and Toys “R” Us have filed for bankruptcy and closed thousands of stores as consumers continued to shift sales online.

After a June 2017 bankruptcy filing, the company closed a quarter of its stores. It also decreased debt by $1 billion to get out of bankruptcy by September 2017.

»PHOTOS: Here’s what local Meijer stores looked like Thanksgiving morning

Gymboree Group operates Gymboree, Crazy 8 and Janie and Jack brands.

There are Gymboree stores at The Greene Town Center, Kenwood Towne Centre, Cincinnati Premium Outlets and Deerfield Town Center. Crazy 8 has locations at the Mall at Fairfield Commons and Dayton Mall.


How to protect yourself from cyber thieves this shopping season

5 ways new tech will change your holiday shopping experience this year

Store hours: Here’s when retailers will open for Thanksgiving, Black Friday sales

Here are major Black Friday deals you can get right now

Here are the best Black Friday deals in the Dayton area

About the Author