Wednesday, December 5, 2018

Gymboree to shutter Crazy 8 stores amid 'strategic review'

Retail Dive
Gymboree announced Wednesday it has begun a "comprehensive review of strategic options," which could include a sale or "other transactions" for its Gymboree, Janie and Jack, and Crazy 8 brands, according to a company press release.

The children's retailer said in the release that it plans to close all of its Crazy 8 locations and is "significantly reducing" the number of Gymboree locations in 2019, though for now all of the retailer's locations remain open.. . . more