Gymboree to Close All 49 Canadian Stores Amid Bankruptcy

Date:

Share post:

San Francisco-based children’s apparel retailer Gymboree has filed for bankruptcy for a second time in less than two years. This time the company says it will be closing most of its stores, including all 49 of its Canadian Gymboree-branded locations. The announcement comes at a time when other retailers are closing stores in Canada, proving a challenge for brokers and landlords attempting to fill vacant spaces. 

Gymboree confirms that it will close all of its Gymboree and Crazy 8 stores while at the same time attempting to sell its more upscale ‘Janie and Jack’ chain of stores, as well as related intellectual property and e-commerce operations. 

In a statement, Gymboree CEO Shaz Kahng said, “The company has worked diligently in recent months to explore options for Gymboree Group and its brands, and we are saddened and highly disappointed that we must move ahead with a wind-down of the Gymboree and Crazy 8 businesses.” 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More From Retail Insider

Pret A Manger to Expand Across Canada with Standalone Locations Following 2-Year A&W Trial

The popular UK-based foodservice business will begin a national rollout of its standalone concept after testing the market in A&W locations as well as a standalone storefront in Toronto.

Why are Grocery Bills so High in Canada? A New Study Looks at the Science Behind Food Price Reporting [Op-Ed]

University researchers reviewed factors impacting food costs in Canada, discussing what's causing rising prices and what can be done about it.

German Outdoor Retailer Wellensteyn to Enter Canada and Open Stores with 5 Year Expansion Plan [Interviews]

The first Canadian location will open this summer, as the brand known for its sturdy outerwear strategizes a national store expansion.

Declining Sales and Footfall Plague Canadian Retailers [J.C. Williams Group StatCan Analysis]

The consultancy analyses March data, noting a slowdown in some retail categories and a rise in food prices that led to recent boycotts.

US-Based Second-Hand Electronics Retailer ‘PayMore’ to Enter Canada with Rapid Store Expansion [Interview]

The retailer obtains and repurposes old electronics to recirculate them into the marketplace, and is expanding into Canada with stores that aim to gain market share rapidly.

Canada’s Competition Bureau Launches Investigation into Loblaws and Sobeys [Op-Ed]

Sylvain Charlebois says that grocers must recognize that today's market is different, with consumers being less tolerant of practices limiting access to affordable food.

Anatomy of a Leader: Sarah Segal, CEO of DAVIDsTEA

Segal discusses her career and how she got to to where she is today, as well as a family history that includes founding a toy store in Montreal and big banners such as Le Chateau.

Apple Launches Tap to Pay on iPhone in Canada, Revolutionizing Contactless Payments for Businesses

Apple says it will allow businesses to seamlessly and securely accept payments using an iPhone and app, adding competition to the crowded payments space.

Half a Billion Dollar Downtown Ottawa Revitalization Announced to Bring Vibrancy to the Core [Feature/Interviews]

The Ottawa Board of Trade and the Canadian Urban Institute launched the initiative that will create new retail opportunities with the addition of 40,000 new residents and 50,000 jobs over 10 years, creating a more vibrant core that will be a destination.

Bayview Village to Overhaul Property with Marble Flooring and Luxe Interior, New Retailers and Restaurants Being Added [Exclusive Renderings/Interviews]

The Toronto shopping centre at Bayview and Sheppard is being transformed into something unrecognizable, creating a 'European-style' centre unlike competitors in the region.

Food Prices Dropping in Canada, Mainstream Media Fails to Report [Op-Ed]

Sylvain Charlebois says that food prices are declining according to StatCan data, but that media and the public have been focusing elsewhere.

Innovative App ‘Too Good To Go’ Rescues 4.2 Million Meals in Canada Since 2022, Plans for Expansion [Interview]

The innovative platform is looking to expand by adding more retailers, after launching two years ago by offering consumers excess end-of-day edible goods from a wide range of businesses.

New Hockey Legends Training Facility in Markham ON Elevates Player Skills with Cutting-Edge Technology [Interview]

The unique indoor training concept allows players to practice including improving shooting and stickhandling skills.

Arc’teryx Opens First ‘Alpha’ Store Concept on Bloor Street in Toronto [Photos]

The largest Arc'teryx store also focuses heavily on product care, and is located on the Mink Mile in the Holt Renfrew Centre.

Waterworks Food Hall to Open in Downtown Toronto Next Month, Showcasing 20 Gourmet Vendors in Historic Location [Interview/Photos]

The highly anticipated food hall on Richmond Street will span 55,000 square feet and will add more food and beverage competition in the downtown core with a range of hand-picked specialty vendors.

Bluenotes Launches ‘Unplug’ Activewear Shop-in-Shops in Stores Across Canada [Interview/Photos]

It's the first activewear line for the Canadian retailer, with dedicated shop-in-stores being part of a segment that is growing rapidly.

A Grocer Code of Conduct Could have Prevented Canada’s Bread Cartel [Op-Ed]

Sylvain Charlebois says that the grocer code aims to curb illegal activities that would make it tougher to orchestrate such schemes.

From Barbie to Thomas the Tank Engine: How Toy and Entertainment Brands are Adapting to Generation Alpha [Op-Ed]

A new more 'woke' generation means that toys and entertainment deemed acceptable in the past are no longer desirable to a new set of consumers.

Anatomy of a Leader: Dave Minnett, CEO of Edo Japan

Minnett discusses how his education and early years at Molson led him into different business avenues before landing at Edo in 2016, where he's implementing change.

Downtown Banff Welcomes New Mountain Warehouse Store Amidst National Expansion [Photos]

The UK-based outdoor retailer operates 43 stores in Canada, making it the second-largest market outside of the UK. The Banff Mountain Warehouse is next to a former Hudson's Bay that will see Arc'teryx open there next year.

RECENT RETAIL INSIDER VIDEOS

Advertisment

Subscribe to the Newsletter

Subscribe

* indicates required

RECENT articles

Pret A Manger to Expand Across Canada with Standalone Locations Following 2-Year A&W Trial

The popular UK-based foodservice business will begin a national rollout of its standalone concept after testing the market in A&W locations as well as a standalone storefront in Toronto.

Why are Grocery Bills so High in Canada? A New Study Looks at the Science Behind Food Price Reporting [Op-Ed]

University researchers reviewed factors impacting food costs in Canada, discussing what's causing rising prices and what can be done about it.

German Outdoor Retailer Wellensteyn to Enter Canada and Open Stores with 5 Year Expansion Plan [Interviews]

The first Canadian location will open this summer, as the brand known for its sturdy outerwear strategizes a national store expansion.

Declining Sales and Footfall Plague Canadian Retailers [J.C. Williams Group StatCan Analysis]

The consultancy analyses March data, noting a slowdown in some retail categories and a rise in food prices that led to recent boycotts.

US-Based Second-Hand Electronics Retailer ‘PayMore’ to Enter Canada with Rapid Store Expansion [Interview]

The retailer obtains and repurposes old electronics to recirculate them into the marketplace, and is expanding into Canada with stores that aim to gain market share rapidly.

Canada’s Competition Bureau Launches Investigation into Loblaws and Sobeys [Op-Ed]

Sylvain Charlebois says that grocers must recognize that today's market is different, with consumers being less tolerant of practices limiting access to affordable food.

Anatomy of a Leader: Sarah Segal, CEO of DAVIDsTEA

Segal discusses her career and how she got to to where she is today, as well as a family history that includes founding a toy store in Montreal and big banners such as Le Chateau.

Apple Launches Tap to Pay on iPhone in Canada, Revolutionizing Contactless Payments for Businesses

Apple says it will allow businesses to seamlessly and securely accept payments using an iPhone and app, adding competition to the crowded payments space.

Half a Billion Dollar Downtown Ottawa Revitalization Announced to Bring Vibrancy to the Core [Feature/Interviews]

The Ottawa Board of Trade and the Canadian Urban Institute launched the initiative that will create new retail opportunities with the addition of 40,000 new residents and 50,000 jobs over 10 years, creating a more vibrant core that will be a destination.

Bayview Village to Overhaul Property with Marble Flooring and Luxe Interior, New Retailers and Restaurants Being Added [Exclusive Renderings/Interviews]

The Toronto shopping centre at Bayview and Sheppard is being transformed into something unrecognizable, creating a 'European-style' centre unlike competitors in the region.

Food Prices Dropping in Canada, Mainstream Media Fails to Report [Op-Ed]

Sylvain Charlebois says that food prices are declining according to StatCan data, but that media and the public have been focusing elsewhere.

Innovative App ‘Too Good To Go’ Rescues 4.2 Million Meals in Canada Since 2022, Plans for Expansion [Interview]

The innovative platform is looking to expand by adding more retailers, after launching two years ago by offering consumers excess end-of-day edible goods from a wide range of businesses.

New Hockey Legends Training Facility in Markham ON Elevates Player Skills with Cutting-Edge Technology [Interview]

The unique indoor training concept allows players to practice including improving shooting and stickhandling skills.

Arc’teryx Opens First ‘Alpha’ Store Concept on Bloor Street in Toronto [Photos]

The largest Arc'teryx store also focuses heavily on product care, and is located on the Mink Mile in the Holt Renfrew Centre.

Waterworks Food Hall to Open in Downtown Toronto Next Month, Showcasing 20 Gourmet Vendors in Historic Location [Interview/Photos]

The highly anticipated food hall on Richmond Street will span 55,000 square feet and will add more food and beverage competition in the downtown core with a range of hand-picked specialty vendors.

Bluenotes Launches ‘Unplug’ Activewear Shop-in-Shops in Stores Across Canada [Interview/Photos]

It's the first activewear line for the Canadian retailer, with dedicated shop-in-stores being part of a segment that is growing rapidly.

A Grocer Code of Conduct Could have Prevented Canada’s Bread Cartel [Op-Ed]

Sylvain Charlebois says that the grocer code aims to curb illegal activities that would make it tougher to orchestrate such schemes.

From Barbie to Thomas the Tank Engine: How Toy and Entertainment Brands are Adapting to Generation Alpha [Op-Ed]

A new more 'woke' generation means that toys and entertainment deemed acceptable in the past are no longer desirable to a new set of consumers.

Anatomy of a Leader: Dave Minnett, CEO of Edo Japan

Minnett discusses how his education and early years at Molson led him into different business avenues before landing at Edo in 2016, where he's implementing change.

Downtown Banff Welcomes New Mountain Warehouse Store Amidst National Expansion [Photos]

The UK-based outdoor retailer operates 43 stores in Canada, making it the second-largest market outside of the UK. The Banff Mountain Warehouse is next to a former Hudson's Bay that will see Arc'teryx open there next year.