I’m shocked and a little sad! Gymboree has billions of dollars in debt, and has just declared Chapter 11 bankruptcy. As a result all stores under the Gymboree, Crazy 8 and Janie and Jack name will close. It is possible for the Janie and Jack brand to be saved if the company is able to obtain a buyer for the brand.
This is the second time in 2 years the corporation has filed for bankruptcy. Plans to begin closing are expected to begin as early as this week.
Stay tuned at your local stores and online for massive clearance sales.