Retail-watchers have predicted the impending bankruptcy of children’s clothing store Gymboree, and the filing has finally arrived. The chain, which has 1,281 stores between its Gymboree, Gymboree Outlet, Janie and Jack, and Crazy 8 chains, said in a bankruptcy court filing that it plans to close as many as 450 of its stores, but stay in business while cutting its substantial debt. [More]
