Several Minnesota Gymboree, Crazy 8 stores to close


The children's clothing retailer said it has reached an agreement with its lenders that will allow it to stay in business as it attempts to restructure.

National children's clothing seller Gymboree is closing more than half of its stores, including eight Minnesota locations.

Gymboree announced the company will close about 350 across the USA, and closing sales will begin Tuesday.

Gymboree is closing seven other locations in Missouri, including ones in Cape Girardeau, Joplin, St. Peters, Chesterfield and Lake St. Louis.

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"Today's announcement represents the next step in the Company's court-supervised financial restructuring as we work to more strongly position the business for long-term growth and success", said Daniel Griesemer, President and CEO of Gymboree.

Affected stores will launch their closing sales next week, the company said.

As of April, the San Francisco-based company operated about 1,280 locations.

There are more than 1,300 stores in the Gymboree chain, which includes the insane 8 and Janie and Jack brands.

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Gymboree isn't the only retailer to cut its brick-and-mortar footprint as online shopping booms.

Gymboree is not the only major retailer that announced closing stores across the county in 2017.

Even the biggest players are at risk.

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