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What's Happening To All Of Those Gymboree GymBucks You Stockpiled

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At this point, you've probably heard the news: our beloved kid's clothing store, Gymboree, is closing all brick and mortar stores immediately. This came after their January 16th announcement, sharing that they are filing for bankruptcy and will close down all Gymboree and Crazy 8 store locations, according to USA Today. If you have been a fan for the long run, you probably have a ton of their GymBucks stashed aside, saving them for a huge clothing haul at the beginning of the next season. However, what's going to happen to that program now? And what about those gift cards Aunt Sally gave your kids for their birthdays?

Okay, there is both good news and bad news:

First and foremost, you will still be able to get your hands on the sweet Gymboree clothing store offerings as they are only closing their brick and mortar locations and you can still shop online. Phew!

And furthermore, the company sought authorizations from the Courts that will allow them to honor gift cards for 30 more days. So get shopping, mama!

But here's the bad news: Gymboree has announced that even though gift cards will be honored for a short period of time, the GymBucks program has been discontinued, effective immediately.

Another aspect of Gymboree to take into consideration is the Gymboree Play & Music classes that have been around since 1976. The play, music and art classes for parents and newborn children and kids up to 5 years old actually came first, before the clothing store. Then, the clothing end of things were built off of that concept. Thankfully, the classes split from Gymboree Group Inc back in 2016, so these locations will still be open for fun for your kiddos. Another phew!

The Gymboree Group going through the bankruptcy consists of the clothing stores Gymboree, Crazy 8, and Janie and Jack. However, the Janie and Jack brand is expected to stay open (thank goodness!), as well as the Gymboree online intellectual property, but both will be bought out.

The brick and mortar locations are expected to close February 15th, so if you need to go shopping, now is the time to score all the deals at their liquidation sale.

And while it's always sad to say good-bye, we are feeling all the good vibes that they will have something wonderful in the works for their next chapter.

READ NEXT: Gymboree Is Closing All Of Their Stores

Featured Image: Flickr / Phillip Pessar

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