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Gymboree expected to close all 900 stores

Posted at 11:53 AM, Jan 14, 2019
and last updated 2019-01-14 20:44:58-05

Children’s clothing retailer Gymboree is reportedly planning to close all 900 of its stores.

According to the Wall Street Journal, Gymboree is expected to file for bankruptcy protection this week.

It would be the second filing in less than two years.

In addition to Gymboree, the company also operates two other brands, Janie and Jack and Crazy 8, which may avoid liquidation if the company can find a buyer.

Gymboree previously filed for bankruptcy protection in June 2017 and closed nearly 400 of its 1,200 stores at that time.

On the Central Coast, Gymboree has locations at the Pismo Beach Premium Outlets and La Cumbre Plaza in Santa Barbara.