Gymboree closing 350 stores after filing for bankruptcy


Children's clothing seller Gymboree Corp. is closing 350 stores as its works to restructure in bankruptcy. The San Francisco-based company said Tuesday that it's mostly closing Gymboree and Crazy 8 stores. It also operates Janie and Jack stores. The company will have more than 900 locations after the stores are shut down.

The retailer has a location in The Mall at Johnson City. It was not listed among the closing locations. Gymboree filed for bankruptcy protection in June. Traditional retailers have been struggling to deal with strong competition from online companies and slowing mall traffic. The closing sales at affected stores are scheduled to begin next Tuesday.