Gymboree Begins Winding Down Operations After 2nd Bankruptcy - NBC10 Boston
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Gymboree Begins Winding Down Operations After 2nd Bankruptcy

The company will close all of its Gymboree and Crazy 8 stores

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    Gymboree Begins Winding Down Operations After 2nd Bankruptcy
    Spencer Platt/Getty Images
    This June 13, 2017, file photo shows a store by children's clothing retailer Gymboree in New York City.

    Gymboree is filing for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good.

    The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores, and attempt sell its Janie and Jack business, intellectual property and online business.

    Gymboree, which began offering classes for mothers and their children in 1976, runs 380 Gymboree stores in the U.S. and Canada. When it first sought Chapter 11 bankruptcy protection in June 2017, it ran 1,300 stores.

    The company has suffered in the post-recession years like almost all mall-based retail stores.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    Gymboree was bought by the private equity firm Bain Capital for $1.8 billion in 2010 and taken private.