Gymboree is closing locations across the country

The Lynnhaven Mall location of Gymboree was unable to comment on when they were closing. (Melanie Occhiuzzo/Southside Daily)
The Lynnhaven Mall location of Gymboree was unable to comment on when they’re closing. (Melanie Occhiuzzo/Southside Daily)

The Gymboree Group has filed for bankruptcy and now all locations across the country, including the one at Lynnhaven Mall, will be closing.

Children’s clothing retailer, Gymboree Group, announced last week they are filing for bankruptcy and plan to close all of their Gymboree, Gymboree Outlet and Crazy 8 businesses.

“We have weathered many ups and downs over our company’s history, and today’s changing retail environment has proven to be our greatest challenge,” said Shaz Kahng, the company’s CEO, on their website.

On Jan. 16, the San Francisco-based company filed for chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Virginia, according to a news release from the company.

However, Kahng said the business will now be focused on preserving Janie and Jack stores by selling the business to Special Situations Investing Group, Inc.

SSIG is an affiliate of Goldman Sachs & Co. and has committed to providing $30 million in new loans which will help the company during bankruptcy court proceedings.

During that time, the company will close all 900 locations of Gymboree stores.

The Gymboree Group did not immediately respond for comment as to when the Lynnhaven Mall location will be closing.

Always be informed. Get the latest news and information delivered to your inbox

Print Friendly, PDF & Email
SHARE
Previous articleIf you are in need of assistance during this partial government shutdown, here’s a list
Next articleVirginia Beach will be ‘Frozen’ in March
John Mangalonzo (john@localvoicemedia.com) is the managing editor of Local Voice Media’s Virginia papers – WYDaily (Williamsburg), Southside Daily (Virginia Beach) and HNNDaily (Hampton-Newport News). Before coming to Local Voice, John was the senior content editor of The Bellingham Herald, a McClatchy newspaper in Washington state. Previously, he served as city editor/content strategist for USA Today Network newsrooms in St. George and Cedar City, Utah. John started his professional journalism career shortly after graduating from Lyceum of The Philippines University in 1990. As a rookie reporter for a national newspaper in Manila that year, John was assigned to cover four of the most dangerous cities in Metro Manila. Later that year, John was transferred to cover the Philippine National Police and Armed Forces of the Philippines. He spent the latter part of 1990 to early 1992 embedded with troopers in the southern Philippines as they fought with communist rebels and Muslim extremists. His U.S. journalism career includes reporting and editing stints for newspapers and other media outlets in New York City, California, Texas, Iowa, Utah, Colorado and Washington state.