The Glendale Gymboree clothing store will soon shut down after the company announced that it’s filing for bankruptcy.
Gymboree Group Inc., which runs the Gymboree, Crazy 8 and Janie and Jack stores, voluntarily filed for Chapter 11 bankruptcy protection and will close 800 Gymboree and Crazy 8 stores in the United States and Canada.
According to the announcement, the Gymboree group will shifting their focus to the sales of their Janie and Jack clothing line and the intellectual property and online platforms of Gymboree. Gymboree’s online platforms and stores will still remain active as they undergo the bankruptcy process.
The company indicated that the bankruptcy filing intends to “facilitate an orderly wind-down of all of its Gymboree and Crazy 8 store locations and operations, while continuing to pursue a going-concern sale of its Janie and Jack business and a sale of the intellectual property and online platform for Gymboree.”
At this time, it is not known when the stores, including a Gymboree clothing store location at Glendale’s Shops at Atlas Park, will close. The children’s clothing retailer was one of the original businesses when Atlas Park celebrated its grand opening in April 2006.
Stores will still be accepting gift cards for their locations for the next 30 days.
The Gymboree Play & Music locations in Forest Hills and Bayside, which provide classes play, music and art classes for parents and children up to 5-years-old, are not affected by the closures. Gymboree Play & Music was sold by Gymboree Group Inc. in 2016.
“We have tremendous appreciation for the hard work of our dedicated employees and their commitment to Gymboree Group and our customers,” said Shaz Kahng, Gymboree Group CEO. “We are also incredibly grateful for the many years of support by our vendors. And, finally, we thank the customers of the Gymboree, Janie and Jack and Crazy 8 brands for their loyalty – our teams have been proud to serve you since Gymboree was first started as a provider of mom-and-baby classes in 1976.”
This is the second time in recent history that the Gymboree Group has filed for bankruptcy. In the summer of 2017, the Gymboree Group filed for bankruptcy, leading to the closure of 350 of their stores.
QNS reached out to the Glendale Gymboree store for comment, but received only an automated message that employees were too busy to pick up the phone.