Gymboree Filing Ch. 11 Bankruptcy - Closing Stores

[SA]

At least that's the rumor mill on the 'net.

www.wsj.com/articles/gymboree-plans-store-closures-as-part-of-upcoming-bankruptcy-filing-1493939555

Gymboree Corp. is looking to close a number of its stores as part of a broader business restructuring under bankruptcy court protection, according to people familiar with the matter.

The children’s clothing retailer has reached out to firms known for liquidating companies’ inventories and other assets to help with the closure of up to 350 of its stores, the people added.

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That's so sad. I remember when it was huge and my girls were always so cute in Gymbo. They still talk about their matching Gymbo outfits and how adorable they were. Awww Mommy memories LOL