Published: Fri, July 14, 2017
Worldwide | By Gretchen Simon

Gymboree shop in Fashion Square mall closing

Gymboree shop in Fashion Square mall closing

Children's clothing retailer Gymboree will close nine stores in CT, including three in Manchester and Meriden, following its decision to file for bankruptcy protection in June. It has arranged to borrow an additional $35 million to finance operations during the restructuring.

Gymboree Corp., which filed for bankruptcy protection in June and aims to cut its debt by $1 billion, will close about 350 stores in the US, the company announced Tuesday.

To see other locations you can use their find a closing store locator. This was a hard decision to make, but we are confident that it is in the best long-term interest of our Company, our customers and our broader employee base.

The Gymboree in Lubbock's South Plains Mall will close as well, though the mall's insane 8 store will remain open. The closing sales at affected stores are scheduled to begin on Tuesday, July 18, 2017.

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As of April, the San Francisco-based company operated about 1,280 locations.

River Park Square General Manager, Bryn West, said the mall has not seen too many store closures. Besides the Gymboree stores, closures include two other company chains, Janie and Jack, which sells children's designer clothes, and insane 8, a low-priced children's clothing company.

So far this year, 5,300 store closings have been announced, according to Fung Global Retail & Technology, a retail think tank. Shoe chain Payless ShoeSource filed for bankruptcy protection in April and The Limited closed all 250 of its remaining stores early this year.

Even the biggest players are at risk. The goal, it said, is a "right-size store base".

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