Economy

Gymboree to close 350 stores, including Greenville Mall location

Gymboree to close 350 stores, including Greenville Mall location”

Gymboree, which filed for bankruptcy protection in June, will shutter roughly 350 outlets across the USA, the company announced Tuesday.

Children's retailer Gymboree is closing five of its Louisiana stores, including its locations at the Mall of Louisiana and Tanger Outlets in Gonzales.

Gymboree, Meadows Mall 4300 Meadows Lane, Las Vegas. You can check which stores are closing here.

"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, CEO of Gymboree, in a statement.

Gymboree has provided a complete list stores that are closing on its website. 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 insane 8 brands.

Gymboree said in a court filing that it will start closing stores later this month with most of the affected locations closing their doors by the end of September; some will stay open through January.

Gymboree isn't the only retailer to cut its brick-and-mortar footprint as online shopping booms.

Payless ShoeSource immediately closed almost 400 stores when it filed for Chapter 11 bankruptcy in April. Radioshack and Rue21, which also filed for bankruptcy this year, have closed hundreds more, while The Limited chose to nix physical storefronts altogether. The company will have more than 900 locations after the stores are shut down.



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