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Add Gymboree to the growing list of retailers that have gone bust in recent years. For a second time in as many years, the children’s clothing retailer late Wednesday filed for Chapter 11 bankruptcy protection.
The company will start shutting its more than 800 Gymboree and Crazy 8 stores, other than its high-end kids apparel chain, Janie and Jack, which has 139 stores. An affiliate of Goldman Sachs has agreed to buy the business, setting the floor for an auction to draw the best offer or highest bidder for the business.
Stay tuned for more details as they emerge! And as with every other store closing, we can all expect to find some awesome closing store discounts before the end!