Children's retailer Gymboree to close two Bucks County stores

Gymboree at the Mall of NH slated to close as part of a company-wide bankruptcy filing

Lincoln's only remaining Gymboree store will be closing as part of the children's clothing retailer's bankruptcy filing.

The Crazy 8 store at the Millenia Crossing shopping center will also close. Closing sales are scheduled to start on Tuesday, according to the corporation's website.

In the St. Louis area, four of seven local Gymboree locations will be closed: St. Clair Square in Fairview Heights, Chesterfield Mall, Mid Rivers Mall in St. Peters and The Meadows at Lake Saint Louis.

Gymboree also owns insane 8 children's clothing stores, but neither the one at Gateway Mall nor any others in Nebraska are scheduled to close.

They are among the 350 stores Gymboree announced Wednesday that it will close as it looks to restructure its business.

Other Gymboree stores closing in North Carolina are in Charlotte, Greenville, Hickory, Raleigh and Wilmington.

Gymboree filed for Chapter 11 Bankruptcy last month.

Officials with Gymboree say with the right size store base, the Company will be able to focus resources on locations with the greatest potential and improve the profitability of the overall business.

The chain has suffered thanks to declining mall traffic, online competition and fixed rent costs. Those locations include Janie and Jack stores as well as insane 8 shops.

"The Gymboree management team is confident that this financial restructuring is the best path forward for all of the Company's stakeholders", the statement said.

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