Children’s Retail Store Expected To File Bankruptcy And Close 900 Stores

January hasn’t been a good month for retail stores. On the heels of Sears announcing more store closures, Gymboree is set to file for bankruptcy protection.

According to the Indianapolis Business Journal, this will likely result in the closure of 900 stores. This would include six Indianapolis-area locations. This is the second bankruptcy the company has filed in two years.

They are currently looking for a buyer for their Janie and Jack brand.

 

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