Gymboree Bankruptcy Will Close Stores In Florida: Reports

ACROSS FLORIDA -- The childrens’ clothing retailer Gymboree is filing for bankruptcy for a second time in two years and will close its remaining 900 stores, according to media reports. That includes stores in Florida.

The affected stores are expected to include 38 in Florida:

Central East Coast
The Galleria Fort Lauderdale - Ft Lauderdale

Treasure Coast Square - Jensen Beach

Vero Beach Outlets - Vero Beach

The Mall at Wellington Green - Wellington

Miami area
Aventura Mall - Aventura

Town Center at Boca Raton - Boca Raton

Shops at Merrick Park - Coral Gables

Coral Square - Coral Springs

Florida Keys Outlet Center - Florida City

Dadeland Mall - Miami

Dolphin Mall - Miami

Miami International Mall - Miami

The Falls Shopping Center - Miami

Pembroke Lakes Mall - Pembroke Pines

Westfield Broward Shopping Centre - Plantation

Sawgrass Mills - Sunrise

CityPlace - West Palm Beach

Palm Beach Outlets - West Palm Beach

Northeast and North Central Florida
The Oaks Mall - Gainesville

St. Johns Town Center - Jacksonville

The Avenues - Jacksonville

St Augustine Premium Outlets - St Augustine

Orlando area
Orlando Premium Outlets - International Dr - Orlando

Orlando Premium Outlets - Vineland Ave - Orlando

The Florida Mall - Orlando

Oviedo Mall - Oviedo

Panhandle
Destin Commons - Destin

Silver Sands Premium Outlets - Destin

Cordova Mall - Pensacola

Governor's Square - Tallahassee

Southwest Florida
Coconut Point - Estero

Miramar Outlets Florida - Estero

Sanibel Outlets - Fort Myers

Tampa-St Pete area
Westfield Brandon Shopping Centre - Brandon

Westfield Countryside Shopping Centre - Clearwater

Ellenton Premium Outlets - Ellenton

Tampa Premium Outlets - Lutz

Westfield Citrus Park Shopping Centre - Tampa

Gymboree operates stores under three banners — Gymboree, Janie and Jack, and Crazy 8. Selling off the businesses at the brand level could spare the high-end Janie and Jack brand from liquidation, according to the report.

Like many brick-and-mortar stores, Gymboree has struggled to remain afloat against increased online competition.

The Wall Street Journal cited sources familiar with Gymboree’s plan to sell the operation and said it is expected to liquidate is remaining 900 stores.

The company first filed for bankruptcy in July 2017 and closed 350 stores. At the time, President and CEO Daniel Griesemer said in a statement that closing those stores would allow the company to “continue to deliver quality merchandise and superior service to our customers.”

Closing those stores allowed Gymboree “greater financial flexibility” as it shed $900 million in debt, Griesemer said.

Images via Google Earth

Gymboree at St. Augustine Premium Outlets and Sanibel Outlets are among the 38 Florida stores slated to close.

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