finance. economics

Gymboree to Close Up to 450 Stores, Filing for Bankruptcy

Gymboree to Close Up to 450 Stores, Filing for Bankruptcy

The Gymboree Corporation (NASDAQ: GYMB), a Kids’ clothing retailer, filed for a Chapter 11 bankruptcy reorganization to reduce its debts. The company also announced to close stores in respond to the pressure on retailers.Gymboree was foun..