Gymboree closing at Hanes Mall; Greensboro and Mebane shops will remain open

Spencer Platt Getty Images

Spencer Platt Getty Images

Gymboree Corp. announced the closure of about 350 of its almost 1,300 stores on Wednesday, part of the company's bankruptcy restructuring.

The chain also said it will be closing a store at Oak View Mall in Omaha. The retailer is working with Great American Group and Tiger Group to manage the closing sales for the stores it plans to shutter.

Department stores making similar significant store closing announcements include Dillard's, J.C. Penney, Macy's and Sears.

Gymboree's website now lists eight stores and outlet locations in metro Denver, three in Fort Collins-Loveland, two in Colorado Springs, and one each in Summit County and Grand Junction.

The Gymboree Corporation operated a total of 1,281 stores In the U.S., Canada and Puerto Rico as of April 29.

Just one of the companys Central Valley stores is to be closed: a insane 8 store in the Chico Mall.

The company is closing Gymboree, Gymboree Outlet and insane 8 stores across the U.S. Sales at those closing stores will start Tuesday, July 18.

Gymboree once had a store at ShoppingTown Mall in DeWitt, which has closed. Traditional retailers have been struggling to deal with strong competition from online companies and slowing mall traffic.

The bankruptcy was widely expected after Gymboree refused to pay some of its bills in recent months, placing the retailer on a collision course with creditors.

Four Gymboree stores in Central Virginia are among 350 stores the company is closing nationwide.

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