Gymboree has been around since before many of us were born. Founded in 1976, the go-to children’s boutique has been outfitting kids for over 40 years and is a mainstay in shopping centers around the country. However, it appears that 2019 will be the last year of its retail life. According to reports they are closing all of their 900-plus locations. Yes, RIP Gymboree.
Earlier this week The Wall Street Journal reported that Gymboree Group Inc. is filing for bankruptcy for the second time in less than two years. Gymboree first filed for bankruptcy protection in June 2017, immediately closing 375 stores.
You might not now this, but the brand includes Janie and Jack — whose fate is unknown at this time (apparently they are looking for a buyer for J & J but if they don’t find one, the beloved luxury kids brand may be dunzo too) — and Crazy 8, which they already discontinued.
If you do have gift cards for any of these stores or returns from the holidays, you might want to get to the stores ASAP. However, if you prefer to wait, there where likely be some really big sales in the near future.
Other stores who recently shuttered include Toys “R” Us Inc., Wet Seal LLC and Sports Authority. It’s likely that Sears Holdings Corp. will be next in line, as an auction will be held this week in order to figure out their future. It’s possible they will opt to liquidate all of their stores.
If you are a patron of Gymboree Play & Music there is no need to worry. Back in 2016 those centers were sold to an outside company in 2016 and will continue operating as usual.
All of these retailer closings are truly sad, and are mostly due to the shift from brick and mortar to online. If you want to prevent further closings, be sure to support your favorite stores!
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Featured Image: Flickr / Phillip Pessar