Gymboree closing 350 stores after filing for bankruptcy; 7 in Pennsylvania

Gymboree closing 350 stores including four in the Richmond region

Gymboree to shutter about 350 stores

Gymboree Corp. also announced it will close its insane 8 clothing store in Rapid City, as well as two of the clothing stores in Burnsville and Woodbury in Minnesota.

The chain also said it will be closing a store at Oak View Mall in Omaha.

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A full listing of the affected stores can be found on the company's website.

Department stores making similar significant store closing announcements include Dillard's, J.C. Penney, Macy's and Sears. And two Janie and Jack stores will remain: Galleria and Taubman Prestige Outlets in Chesterfield.

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Gymboree Corporation says it intends to close approximately 350 stores nationally, mainly across the Gymboree and insane 8 brands, as part of a court-approved restructuring. One of the stores set to close is the Gymboree store at SouthPointe Pavilions mall at 27th Street and Pine Lake Road.

When filing for Chapter 11 bankruptcy protection last month, Gymboree said it planned to continue operating the majority of its stores while restructuring and cutting its debt by more than $900 million.

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West Acres' Senior Vice President of Marketing and Business Development Alissa Adams told The Forum that the closing news "does not come as a surprise to us" as Gymboree adjusts its national footprint. The Crazy 8 brand is less profitable, has seen declining sales and faces plenty of competition from the likes of Target and Walmart, as well as from off-price and online retailers.

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