Gymboree is reportedly planning to file for bankruptcy protection and close all 900 of its stores.
The company filed for bankruptcy as recently as June 2017 and closed nearly 400 stores in the process.
Gymboree did not immediately respond to a request for comment.
Gymboree is reportedly nearing liquidation.
The children’s clothing retailer is expected to file for bankruptcy protection this week and plans to close all 900 of its stores, which include the brands Gymboree, Janie and Jack, and Crazy 8, The Wall Street Journal reports, citing people familiar with the matter.
Retail is a crappy business to be in right now if you only do brick and mortar.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction