Gymboree Closing Oxford Valley Mall Store

Gymboree, the popular children's clothing chain, is closing its Oxford Valley Mall store, the company announced this week.

The local store is one of company's 350 Gymboree, Janie and Jack and Crazy 8 locations across the country that will close following a "comprehensive evaluation" of the chain's retail footprint as part of a restructuring.

The closing sales at affected stores are scheduled to begin on Tuesday, July 18, the company said.

“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," Daniel Griesemer, president and CEO of Gymboree, said 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," Griesemer said.

The chain's Gymboree store in Lahaska, near Peddler's Village, is also scheduled to close.

PHOTO: Flickr, thinkretail