Gymboree closing 350 stores after filing for bankruptcy

NEW YORK, NY - JUNE 13:  People walk by the children's clothing retailer Gymboree, which has filed for bankruptcy protection on June 13, 2017 in New York City. As retailers across the country continue to struggle, Gymboree said it plans to remain in business but will close 375 to 450Êof its 1,281 stores while filing for a Chapter 11 bankruptcy reorganization.  (Photo by Spencer Platt/Getty Images)
–Spencer Platt / Getty Images, File

SAN FRANCISCO (AP) — Children’s clothing seller Gymboree Corp. is closing 350 stores as its works to restructure in bankruptcy.

The San Francisco-based company said Tuesday that it’s mostly closing Gymboree and Crazy 8 stores. It also operates Janie and Jack stores. The company will have more than 900 locations after the stores are shut down.

Gymboree filed for bankruptcy protection in June. Traditional retailers have been struggling to deal with strong competition from online companies and slowing mall traffic.

The closing sales at affected stores are scheduled to begin next Tuesday.

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