Gymboree to Close Casper, Cheyenne Stores Following Bankruptcy

Gymboree to Close Casper, Cheyenne Stores Following Bankruptcy

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

Children's clothing seller Gymboree Corp.is closing 350 stores as its works to restructure in bankruptcy. Closing sales at the affected stores are scheduled to begin on Tuesday, the company stated.

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.

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Gymboree Corporation also operates Janie and Jack stores.

The national retailer of children's clothing will largely close stores with the Gymboree, Gymboree Outlet and insane 8 brands.

The list includes Gymboree stores at Destiny USA in Syracuse, Walden Galleria near Buffalo, Oakdale Mall in Johnson City and Wilton Mall in Saratoga Springs.

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The Gymboree at the Fox Run Mall in Newington will also close. The goal, it said, is a "right size store base".

West Acres' Senior Vice President of Marketing and Business Development Alissa Adams told The Forum that the closing news "does not come as a surprise to us" as Gymboree adjusts its national footprint.

The chain has suffered thanks to declining mall traffic, online competition and fixed rent costs.

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