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Retailer Gymboree to shutter 350 locations nationwide

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Posted at 10:34 PM, Jul 11, 2017
and last updated 2017-07-11 22:34:48-04

Children's retailer Gymboree announced on Tuesday plans to close 350 Gymboree, Crazy 8 and Janie and Jack locations this summer as the company has filed for Chapter 11. 

For the Gymboree and Crazy 8 locations that are closing, those stores will begin having liquidation sales on July 18. Janie and Jack stores that are closing will not have a liquidation sale. 

According to Gymboree, the company operates a total of 1,281 retail locations: 582 Gymboree stores, 172 Gymboree Outlet stores, 149 Janie and Jack stores and 378 Crazy 8 stores. 

“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, President and CEO of Gymboree. “Right-sizing our store footprint is a central part of our efforts to ensure Gymboree emerges from this restructuring process as a stronger and more competitive organization, with greater financial flexibility to invest in our future.

"Importantly, we will continue to operate a majority of our stores and will continue to deliver quality merchandise and superior service to our customers at our Gymboree, Janie and Jack and Crazy 8 brands."

For a list of Gymboree stores closing, click here. For a list of Crazy 8 stores closing, click here. And click here for a list of Janie and Jack locations that are closing.