The San Francisco company listed six North Carolina stores among the 350 that will be being closed, mainly its Gymboree and insane 8 brands. Closing sales at the affected stores are scheduled to begin on Tuesday, the company stated.
Gymboree's website now lists eight stores and outlet locations in metro Denver, three in Fort Collins-Loveland, two in Colorado Springs, and one each in Summit County and Grand Junction. She said it's unknown when the Fargo store will close. The company will have more than 900 locations after the stores are shut down. It also operates Janie and Jack stores.
Officials with Gymboree say with the right size store base, the Company will be able to focus resources on locations with the greatest potential and improve the profitability of the overall business.
The bankruptcy was widely expected after Gymboree refused to pay some of its bills in recent months, placing the retailer on a collision course with creditors.
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.
As people shop online more, traditional retailers such as Gymboree and shopping malls in general have been hit hard.