Gymboree Shuttering 350 Stores, Keeping 900 Open

The Gymboree Corp., which filed for Chapter 11 bankruptcy reorganization, announced it intends to close approximately 350 stores, mainly across its Gymboree and Crazy 8 brands. The San Francisco-based apparel retailer operates more than 1,300 specialty stores under three brands: mid-level Gymboree, higher-end Janie & Jack and Crazy 8, a value-oriented line. “Right-sizing our store footprint is a central part of our efforts to ensure Gymboree…

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