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.



Like this

Latest


13 July 2017
Nine Inch Nails reveal 'Add Violence' EP details
At the end of previous year , Nine Inch Nails released a new EP, Not the Actual Events . The track is taken from the band's upcoming EP " Add Violence " which is out July 21st.

13 July 2017
M&T Bank Corp Purchases Shares of 28449 Banco Santander, SA
LLC now owns 7,497 shares of the bank's stock valued at $188,000 after buying an additional 1,612 shares during the last quarter. Suntrust Banks Inc. purchased a new stake in shares of Banco Santander , during the first quarter worth about $1,412,000.

13 July 2017
Destiny 2: Be Careful Linking Bungie and Blizzard Accounts
If the PSN ID, Xbox Live Gamertag, and Blizzard BattleTags are unlinked from a Bungie.net profile, the profile will be orphaned. At first glance, it may not seem like too big of an issue, even if some gamers might have had those accounts for years.

13 July 2017
Yum China Holdings Inc
This represents a $1.20 annualized dividend and a dividend yield of 1.63%. (NYSE:YUM) on Thursday, July 14 with "Buy" rating . The institutional investor owned 16,150 shares of the restaurant operator's stock after selling 310 shares during the period.

13 July 2017
Former US president Jimmy Carter in Winnipeg for Habitat for Humanity build
The couple has made their way to the city from Edmonton where they kicked off the Jimmy and Rosalynn Carter Work Project. Carter was building a set of stairs for a home and was outside for about 90 minutes before leaving the site.

13 July 2017
WaPo: State Department Spent $15000 At Trump Tower Vancouver In February
The hotel, which was informed about the breach on June 5, posted an apology and explanation on its website. Protesters outside the Trump hotel in Vancouver during the grand opening. .

13 July 2017
Rhumbline Advisers Buys 74644 Shares of US Bancorp (NYSE:USB)
Similarly, the company's EVP and Controller Gifford Craig E on 2017-05-10 Sell 300 shares of the company at a price of $51.92. Bancorp (NYSE:USB) by 87.4% during the first quarter, according to its most recent 13F filing with the SEC. 01/03/2017 - U.S.

13 July 2017
Chelsea star keen to leave amid Man Utd and Inter interest
The Chelsea midfielder faces an uncertain future at Stamford Bridge with Antonio Conte keen to bring in reinforcements. It is said he was carrying an injury, but his team-mates are convinced he is on the brink of leaving west London.

13 July 2017
Hasbro never actually released the Star Wars Monopoly game with Rey
He bought the game for his 4-year-old son from Amazon and sent a Twitter message to Hasbro complaining about the omission. Now, it turns out that the updated version of Star Wars Monopoly was never actually been released in the United States.

13 July 2017
Sentiment Report: Costco Wholesale Corp (NASDAQ:COST)
BidaskClub downgraded Costco Wholesale Corporation from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 20th. Ferguson Wellman Capital Management Inc stated it has 0.1% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST).