Several Minnesota Gymboree stores to close
National children's clothing seller Gymboree is closing more than half of its stores, including eight Minnesota locations.
The San Francisco-based clothing chain announced plans Tuesday, July 11 to shutter some 350 stores after filing for bankruptcy last month.
Gymboree listed six out of a dozen Minnesota stores it expects to close, including locations in Edina, Burnsville, Eden Prairie, Mankato, Maple Grove and Medford.
The company plans to also shutter its Crazy 8 stores at the Woodbury Lakes Shopping Center, as well as a Burnsville location.
The company did not include the Woodbury Gymboree store in Tamarack Village on its closure list.
The closures follow a stark trend for retail chains who’ve sought protection under Chapter 11 Bankruptcy after struggling to compete against online sales and changing consumer behaviors.
Gymboree President and CEO Daniel Griesemer said in a statement the company is attempting to re-evaluate its stores' footprints to have “greater financial flexibility to invest in our future.”
“This was a difficult 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,” he said.
The company said it will continue normal operations during its bankruptcy processing.
Gymboree plans to begin store closings July 18.