Gymboree closing at West Acres Mall
- by Ricky Curtis
- in Money
- — Jul 13, 2017
The company announced Tuesday that it's closing much of its Gymboree and insane 8 stores after filing for bankruptcy last month. Seven of the locations are in Colorado.
Neither the insane 8 store in Boardman nor the Gymboree in the Eastwood Mall is included on the closing list. Closing sales are to start next Tuesday.
The chain is closing Central Florida stores at Altamonte Mall, West Oaks Mall in Ocoee and Seminole Town Center in Sanford.
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. One of the stores set to close is the Gymboree store at SouthPointe Pavilions mall at 27th Street and Pine Lake Road.
The operator of a nationwide children's clothing retailer is closing more than one-fourth its 1,281 stores, including one in the Southern Park Mall as part of a bankruptcy plan.
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Gymboree also operates insane 8 stores and Janie and Jack stores.
Gymboree operates about 1,280 stores under the Gymboree, Janie and Jack, and insane 8 banner. Cape Girardeau, Missouri and Evansville, Indiana's locations, however, are on the closing list.
Fox Valley Mall in Aurora and Algonquin Commons are losing both Gymboree and insane 8 stores.
The company said the affected stores were chosen "following a comprehensive evaluation of its retail footprint".
As people shop online more, traditional retailers such as Gymboree and shopping malls in general have been hit hard.
