DayBreaker

Store closing sales begin at Gymboree, Crazy 8

BY Marianne Wilson

Gymboree Group has begun winding down operations for the majority of its store portfolio.

The bankrupt retailer has begun store closing sales at its 798 Gymboree and Crazy 8 locations throughout the United States and Canada. Gift cards can be redeemed until February 16, 2019.

Gymboree filed for bankruptcy protection on January 19, and said it would shutter all its namesake and Crazy 8 stores. It is pursuing a sale for its higher-end, 139-store Janie and Jack brand, and also for Gymboree’s intellectual property and online platform.

The store-closing sales are being operated by a consortium of asset disposition firms including Great American Group, LLC, Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers.

“This store closing sale event offers customers an opportunity to buy the most essential children’s clothing items and accessories for a great price. We encourage loyal shoppers and parents to visit their nearest Gymboree and Crazy 8 stores to take advantage of these deals before merchandise sells out,” said a representative of the consortium.

The firms leading the store liquidation process will work quickly to sell through all inventory across 749 Gymboree and Crazy 8 store locations in the U.S. and 49 Gymboree locations in Canada. Sales at individual Gymboree and Crazy 8 retail and outlet locations will continue until all merchandise is sold, which the firms anticipate will be quickly.

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