Gymboree to Close Casper, Cheyenne Stores Following Bankruptcy

Gymboree to shutter about 350 stores

Gymboree Corporation announced on Tuesday that it has filed Chapter 11 bankruptcy, and plans to close 350 stores, mostly Gymboree and insane 8 locations. Seven of the locations are in Colorado.

Based in San Francisco, the company said closing sales began Tuesday in the stores.

Department stores making similar significant store closing announcements include Dillard's, J.C. Penney, Macy's and Sears.

Island Where Women Are Banned Granted UNESCO World Heritage Status
The ban on female visitors specifically "has nothing to do with discrimination against women", the official told AFP by phone. Okinoshima island is home to an ancient religious site built in the 17th century and has three small sacred Shinto shrines.

When filing for Chapter 11 bankruptcy protection last month, Gymboree said it planned to continue operating the majority of its stores while restructuring and cutting its debt by more than $900 million. Those locations include Janie and Jack stores as well as insane 8 shops.

There will still be several Gymboree stores in the area, including those at the Premium Outlet malls, Waterford Lakes and Florida Mall.

Analysts have expected, and insiders have hinted, that Gymboree would likely target its insane 8 and Gymboree brands as it looks to shrink its store footprint.

Amazon launches a Geek Squad competitor in 7 cities
For example, the price to set up and personalize an Amazon Fire TV is $10, while an ecobee3 Smart Thermostat installation is $99. Think of them like your technology-savvy best friend - they listen to your needs and customize solutions that work for you.

Many local shopping malls are going to have to grapple with the loss of one more retailer: Gymboree.

The Gymboree Corp. announced Tuesday, July 11, that it will close about 350 stores, including its Gymboree store in West Acres, after a "comprehensive evaluation of its retail footprint". The goal, it said, is a "right size store base".

The chain has suffered thanks to declining mall traffic, online competition and fixed rent costs.

MLB Home Run Derby Highlights: Top Five Moments In Event's History
Bellinger is going to win NL Rookie of the Year and became the fastest player in league history to hit 21 career home runs. The other two to do it also were in the AL: Fred Lynn of the Red Sox in 1975 and Ichiro Suzuki of the Mariners in 2001.


Related News