Kids' apparel retailer Gymboree closing 16 IL stores

Kids' apparel retailer Gymboree closing 16 IL stores

Kids' apparel retailer Gymboree closing 16 IL stores

Gymboree filed for bankruptcy protection in June, indicating they might close as many as 450 stores.

Gymboree plans to close 350 stores as part of a restructuring plan being finalized in bankruptcy court with the company's creditors, according to a company announcement released Tuesday.

Gymboree, which also owns the insane 8 and Janie and Jack brands, filed for bankruptcy protection in June.

In a release Tuesday, Gymboree Corporation said it would close around 350 of its stores - Gymboree, Janie and Jack and insane 8 - nationwide.

In Minnesota, the Edina, Burnsville, Eden Prairie, Mankato, Maple Grove and Medford Gymboree locations will be closing.

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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. It is the Gymboree at the West Park Mall in Cape Girardeau, Missouri.

It will close five Gymboree stores in Palo Alto, Newark, San Francisco, Fairfield and Mill Valley, along with five of its stores under the brand insane 8 in Emeryville, Redwood City, San Jose and San Rafael. Gymboree's Janie and Jack brand is closing seven stores, although none are in North Carolina.

The company said the affected stores were chosen "following a comprehensive evaluation of its retail footprint".

"Stores close and change, just as trends change", she said in an email statement.

Store closings are on a record pacein 2017 as traditional retailers struggle to deal with strong competition from online companies and slowing mall traffic.

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