Wednesday, November 28, 2018

Kids clothing retailer Gymboree weighs closing half its stores

Reuters
Gymboree Group Inc, a U.S. retailer of infant and children’s clothing, is considering closing more than half of its approximately 900 stores, people familiar with the matter said on Tuesday.

The move would be a setback for Gymboree after it emerged from bankruptcy last year. It was one of the few brick-and-mortar retailers that managed to escape liquidation in a wave of bankruptcies that swept the sector, amid the rise of online shopping.. . . more