SAN FRANCISCO, CA — Children’s clothing retailer Gymboree plans to close 350 stores as it restructures in bankruptcy, the company said Tuesday.
Gymboree, which is based in San Francisco, saidclosing sales are scheduled to begin Tuesday, July 18, 2017.
Gymboree also operates Crazy 8 stores and Janie and Jack stores. The company will have more than 900 locations after the stores are shut down.
Gymboree filed for bankruptcy protection in June, saying it might close as many as 450 stores. The goal, it said, is a “right size store base.” The company would be able to focus resources on locations with the greatest potential and improve the profitability of the overall business.
Prior to bankruptcy, the company had been saddled with $1 billion in debt stemming from its buyout by Bain Capital in 2010, and made the filing to restructure that debt. This spring, Gymboree had warned investors it didn’t project having enough cash to get through the following 12 months.
For a complete list of stores closing click here: Gymboree stores closing
Here are the Gymboree locations in Arizona that are closing:
2174 E Williamsfield Road,
Paradise Valley Mall
4500 N. Oracle Road,
Outlets at Anthem
4250 W. Anthem Way,