Photo: Gymboree, Facebook
Children’s apparel store Gymboree will close four stores in Arkansas, including its Fayetteville location at the Northwest Arkansas Mall, the company announced Tuesday.
The closings are among 350 nationwide as Gymboree Corp. works to restructure its business and emerge from Chapter 11 bankruptcy protection.
“Right-sizing our store footprint is a central part of our efforts to ensure Gymboree emerges from this restructuring process as a stronger and more competitive organization, with greater financial flexibility to invest in our future,” said Daniel Griesemer, president and CEO of Gymboree, in a statement. “This was a difficult decision to make, but we are confident that it is in the best long-term interest of our company, our customers and our broader employee base.”
Other Arkansas locations set to close include stores at Park Plaza in Little Rock, McCain Mall in North Little Rock, and Outlets of Little Rock.
Closures are expected to begin the third week in July.
Founded in 1976, Gymboree also operates the Janie and Jack, Crazy 8 and Gymboree Outlets brands. Before its bankruptcy filing in June, the company had nearly 1,300 stores across the U.S., Canada and Puerto Rico.