Gymboree Releases List of 350 Store Closings, Two In Our Area

Gymboree Releases List of 350 Store Closings, Two In Our Area

Seven of the locations are in Colorado.

The company is closing Gymboree, Gymboree Outlet and insane 8 stores across the U.S. Sales at those closing stores will start Tuesday, July 18.

The closing sales at affected stores are scheduled to begin on July 18.

Department stores making similar significant store closing announcements include Dillard's, J.C. Penney, Macy's and Sears. The closures are part of a comprehensive restructuring in accordance with a voluntary, court-supervised Chapter 11 bankruptcy filing announced in June.

Gymboree said Tuesday that it plans to close about 350 stores as part of a restructuring. Gymboree Corp. also sells children's clothing and merchandise under the Janie and Jack brand.

The San Francisco company aims to reduce its debt by $900 million with the restructuring while keeping most of its stores open and running as usual.

After this round of store closings, it will still have a handful of Gymboree stores in the area at Ridgedale Center, Twin Cities Premium Outlets, Albertville Premium Outlets, and in Woodbury.

Adams said mall officials continue to work with new stores, and there is more interest in getting space at West Acres than the mall has vacant space available.

Gymboree once had a store at ShoppingTown Mall in DeWitt, which has closed.

As people shop online more, traditional retailers such as Gymboree and shopping malls in general have been hit hard.

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