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Shrinking kids apparel chain Gymboree closing 350 stores, including two in Tampa Bay

Kids apparel chain Gymboree, in Chapter 11 bankruptcy protection, is closing 350 stores including one at Shops of Wiregrass in Wesley Chapel and one at West Shore Plaza in Tampa. Two other area locations will remain open for now. [Courtesy of Gymboree]

Kids apparel chain Gymboree, in Chapter 11 bankruptcy protection, is closing 350 stores including one at Shops of Wiregrass in Wesley Chapel and one at West Shore Plaza in Tampa. Two other area locations will remain open for now. [Courtesy of Gymboree]

Children's clothing retailer Gymboree plans to close 350 stores nationwide — including two in the Tampa Bay area — as it restructures in bankruptcy, the company says.

Fourteen Florida stores will close, including Gymboree locations in West Shore Plaza in Tampa and the Shops at Wiregrass in Wesley Chapel, according to the company. Based in San Francisco, Gymboree filed for bankruptcy protection in June, saying it might close as many as 450 stores. The goal, it said, is a "right size store base." Closures begin July 18.

Gymboree stores at the malls at Westfield Brandon and Citrus Park will remain open.

Prior to bankruptcy, the company had been saddled with $1 billion in debt stemming from its buyout by Bain Capital in 2010, and made the Chapter 11 filing to restructure that debt.

Shrinking kids apparel chain Gymboree closing 350 stores, including two in Tampa Bay 07/13/17 [Last modified: Thursday, July 13, 2017 10:54am]
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