Another Well-Known Retailer Has Filed for Bankruptcy

posted by The INSIDER - 

The children's clothing retailer Gymboree filed for Chapter 11 bankruptcy protection late Sunday. 

The mall-based chain says it plans to remain in business during its restructuring, but will close 375 to 450 stores out of its fleet of its 1,281 locations.

The company employs more than 11,000 workers. 

Gymboree says the restructuring will reduce its debt by more than $900 million and position the company for "long-term success."

Read more at BusinessInsider.com

The Insider

The Insider

Want to know more about The Insider? Get their official bio, social pages and articles on Newsradio WOOD 1300 and 106.9 FM!

title

Content Goes Here