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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Another retailer has filed for bankruptcy

gymboreeThe children’s clothing retailer Gymboree filed for Chapter 11 bankruptcy protection late Sunday. The mall-based chain says it plans to remain in business during its restructuring, but will close 375 to 450 stores out of its fleet of its 1,281 locations. Gymboree says the restructuring will reduce its debt by more than $900 million and position the company for “long-term success.”

With the filing, Gymboree joins a long list of other retailers that have filed for bankruptcy this year, including Rue21, Payless ShoeSource, Hhgregg, The Limited, RadioShack, BCBG, Wet Seal, Gormans, Eastern Outfitters, and Gander Mountain.

Click here to read the original article: Another retailer has filed for bankruptcy MySA 06-12-2017

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