Gymboree: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
No edit summary
Tag: Reverted
 
(6 intermediate revisions by 4 users not shown)
Line 5: Line 5:
| name = Gymboree Group, Inc.
| name = Gymboree Group, Inc.
| logo = Gymboree logo.svg
| logo = Gymboree logo.svg
| image =
| image = A Gymboree retail store.tif
| image_caption =
| image_caption = A Modern Gymboree location
| type = [[Subsidiary]]
| type = [[Subsidiary]]
| industry = [[Retail]] (original), [[online shopping|eCommerce]]
| industry = [[Retail]] (original), [[online shopping|eCommerce]]
Line 25: Line 25:
| homepage = www.Gymboree.com
| homepage = www.Gymboree.com
}}
}}
⚫
'''Gymboree''' is a sub brand of [[The Children's Place]]. Gymboree began with operating retail stores between the early 1970s and the later 2010s. It was founded by Joan Barnes.<ref>{{cite web |url=http://www.fundinguniverse.com/company-histories/gymboree-corporation-history/ |title=History of Gymboree Corporation – FundingUniverse |website=www.fundinguniverse.com |access-date=September 23, 2019}}</ref>
'''Gymboree
⚫
''' is a sub brand of [[The Children's Place]]. Gymboree began with operating retail stores between the early 1970s and the later 2010s and was founded by Joan Barnes.<ref>{{cite web |url=http://www.fundinguniverse.com/company-histories/gymboree-corporation-history/ |title=History of Gymboree Corporation – FundingUniverse |website=www.fundinguniverse.com |access-date=September 23, 2019}}</ref>


==History==
==History==
===Early Years===
===Early years===
[[File:Crazy8 Children's Store Southern Park Mall.jpg|thumb|Crazy8 inside [[Southern Park Mall]] (Closed 2019)]]
In 1986, the company opened a chain of clothing stores named '''Gymboree'''. Gymboree stores offered coordinating children's clothing. The sizes ranged from newborn to size ten. As of January 2019, it operated 380 Gymboree stores, 154 Gymboree [[outlet store|outlets]], 147 [[Janie & Jack]] stores, 253 Crazy 8 stores, and 11 Crazy 8 outlets in the U.S. and Canada.<ref name="N">{{cite web|url=https://m.cnn.com/en/article/h_8fa75e95284abed28c78f1c9931f011e|title=Gymboree's second bankruptcy will kill the brand|website=[[CNN]] |access-date=September 22, 2019}}</ref>
In 1986, the company opened a chain of clothing stores named '''Gymboree'''. Gymboree stores offered coordinating children's clothing. The sizes ranged from newborn to size ten. As of January 2019, it operated 380 Gymboree stores, 154 Gymboree [[outlet store|outlets]], 147 [[Janie & Jack]] stores, 253 Crazy 8 stores, and 11 Crazy 8 outlets in the U.S. and Canada.<ref name="N">{{cite web|url=https://m.cnn.com/en/article/h_8fa75e95284abed28c78f1c9931f011e|title=Gymboree's second bankruptcy will kill the brand|website=[[CNN]] |access-date=September 22, 2019}}</ref>
[[File:Gymboree - Scarborough TC.jpg|thumb|Gymboree store at the [[Scarborough Town Centre]] in [[Toronto]] in 2008]]
[[File:Gymboree - Scarborough TC.jpg|thumb|Gymboree store at the [[Scarborough Town Centre]] in [[Toronto]] in 2008]]
Line 46: Line 46:
In July 2016, The Gymboree Corporation sold the Gymboree Play & Music business to Zeavion Holding, a [[private company]] with a focus on the education and entertainment sectors. Gymboree Play & Music is now completely separate from the Gymboree Corporation and is operating parent-child play classes for ages 0–5. As of 2023, Play & Music operates in over 40 countries and has more than 733 centers internationally.<ref>{{cite press release|url=http://www.prnewswire.com/news-releases/gymboree-agrees-to-sell-play--music-business-to-zeavion-300291667.html|title=Gymboree Agrees To Sell Play & Music Business To ZEAVION|type=press release |website=www.prnewswire.com|access-date=January 3, 2018}}</ref>
In July 2016, The Gymboree Corporation sold the Gymboree Play & Music business to Zeavion Holding, a [[private company]] with a focus on the education and entertainment sectors. Gymboree Play & Music is now completely separate from the Gymboree Corporation and is operating parent-child play classes for ages 0–5. As of 2023, Play & Music operates in over 40 countries and has more than 733 centers internationally.<ref>{{cite press release|url=http://www.prnewswire.com/news-releases/gymboree-agrees-to-sell-play--music-business-to-zeavion-300291667.html|title=Gymboree Agrees To Sell Play & Music Business To ZEAVION|type=press release |website=www.prnewswire.com|access-date=January 3, 2018}}</ref>


===Relaunch===
===Sub Brand===
On June 24, 2019, the Gymboree was aquired sold to [[The Children's Place]], who announced that Gymboree would become a digitally native sub brand with [[store-within-a-store]] locations at The Children's Place stores.<ref>{{Cite web|url=https://twitter.com/Gymboree/status/1143238338922647554|title=Help us bring back the Gymboree you loved!|last=Gymboree|date=June 24, 2019|website=[[Twitter]]|language=en|access-date=November 27, 2019}}</ref> It was announced on January 30, 2020, that The Children's Place would debut Gymboree in February that year, featuring an "early access" program that would allow early access to the first 10,000 customers who register a spot.<ref>{{Cite journal|last=Wilson|first=Marianne|date=January 30, 2020|title=Gymboree makes its retail comeback|url=https://chainstoreage.com/gymboree-makes-its-retail-comeback|journal=Chain Store Age}}</ref>
On June 24, 2019, the Gymboree was acquired by [[The Children's Place]], who announced that Gymboree would become a digitally native sub brand with [[store-within-a-store]] locations at The Children's Place stores.<ref>{{Cite web|url=https://twitter.com/Gymboree/status/1143238338922647554|title=Help us bring back the Gymboree you loved!|last=Gymboree|date=June 24, 2019|website=[[Twitter]]|language=en|access-date=November 27, 2019}}</ref> It was announced on January 30, 2020, that The Children's Place would debut Gymboree in February that year, featuring an "early access" program that would allow early access to the first 10,000 customers who register a spot.<ref>{{Cite journal|last=Wilson|first=Marianne|date=January 30, 2020|title=Gymboree makes its retail comeback|url=https://chainstoreage.com/gymboree-makes-its-retail-comeback|journal=Chain Store Age}}</ref>


==Lawsuits==
==Lawsuits==

Latest revision as of 15:15, 28 March 2024

Gymboree Group, Inc.
Company typeSubsidiary
IndustryRetail (original), eCommerce
Founded1976; 48 years ago (1976)
ProductsChildren's clothes & Toys
ParentThe Children's Place (2019–present)
Websitewww.Gymboree.com

Gymboree is a sub brand of The Children's Place. Gymboree began with operating retail stores between the early 1970s and the later 2010s. It was founded by Joan Barnes.[1]

History[edit]

Early years[edit]

Crazy8 inside Southern Park Mall (Closed 2019)

In 1986, the company opened a chain of clothing stores named Gymboree. Gymboree stores offered coordinating children's clothing. The sizes ranged from newborn to size ten. As of January 2019, it operated 380 Gymboree stores, 154 Gymboree outlets, 147 Janie & Jack stores, 253 Crazy 8 stores, and 11 Crazy 8 outlets in the U.S. and Canada.[2]

Gymboree store at the Scarborough Town Centre in Toronto in 2008

Crazy 8 was started in August 2007. It featured lower-priced clothing and was Gymboree's direct competitor for The Children's Place and Old Navy.

In 2010, Bain Capital acquired the company for US$1.8 billion.[3]

In June 2017, Gymboree announced it was filing for Chapter 11 bankruptcy protection.[4] In September 2017, the company emerged from bankruptcy.[5][6]

In November 2018, it was reported that Gymboree would file for bankruptcy for the second time in 14 months, and as a result, Gymboree announced plans to discontinue the Crazy 8 brand after the holiday season.[7]

On January 17, 2019, Gymboree filed for Chapter 11 bankruptcy protection, and eliminated all Gymboree, Gymboree Outlet, and Crazy 8 brick-and-mortar formats as a result. The company sold its Janie & Jack brand to Gap, Inc.[8]

Play & Music Centers[edit]

Gymboree Play & Music in London

In July 2016, The Gymboree Corporation sold the Gymboree Play & Music business to Zeavion Holding, a private company with a focus on the education and entertainment sectors. Gymboree Play & Music is now completely separate from the Gymboree Corporation and is operating parent-child play classes for ages 0–5. As of 2023, Play & Music operates in over 40 countries and has more than 733 centers internationally.[9]

Sub Brand[edit]

On June 24, 2019, the Gymboree was acquired by The Children's Place, who announced that Gymboree would become a digitally native sub brand with store-within-a-store locations at The Children's Place stores.[10] It was announced on January 30, 2020, that The Children's Place would debut Gymboree in February that year, featuring an "early access" program that would allow early access to the first 10,000 customers who register a spot.[11]

Lawsuits[edit]

In November 2005, Gymboree settled a lawsuit relating to overtime compensation in Riverside, California for $2.3 million. The lawsuit alleged that Gymboree did not pay mandatory overtime or provide required meal breaks.[12]

References[edit]

  1. ^ "History of Gymboree Corporation – FundingUniverse". www.fundinguniverse.com. Retrieved September 23, 2019.
  2. ^ "Gymboree's second bankruptcy will kill the brand". CNN. Retrieved September 22, 2019.
  3. ^ "Bain Buys Gymboree for $1.8 Billion". dealbook.nytimes.com. October 11, 2010. Retrieved September 23, 2019.
  4. ^ Fu, Lisa. "Gymboree Will Close More Than 375 Stores After Filing for Bankruptcy". Fortune. Retrieved June 12, 2017.
  5. ^ "Gymboree emerges from bankruptcy". Chain Store Age. September 29, 2017. Retrieved December 6, 2018.
  6. ^ "Gymboree is closing 350 stores – here's the full list". finance.yahoo.com. July 12, 2017. Retrieved September 22, 2019.
  7. ^ "Gymboree to close Crazy 8 stores and cut back namesake stores; names CEO". Chain Store Age. December 5, 2018. Retrieved December 6, 2018.
  8. ^ "SF-based Gymboree plans to shut down after second bankruptcy filing". San Francisco Chronicle. January 17, 2019.
  9. ^ "Gymboree Agrees To Sell Play & Music Business To ZEAVION". www.prnewswire.com (press release). Retrieved January 3, 2018.
  10. ^ Gymboree (June 24, 2019). "Help us bring back the Gymboree you loved!". Twitter. Retrieved November 27, 2019.
  11. ^ Wilson, Marianne (January 30, 2020). "Gymboree makes its retail comeback". Chain Store Age.
  12. ^ "Gymboree settles overtime suit for $2.3M". San Francisco Business Times. November 21, 2005. Retrieved April 3, 2012.

External links[edit]

Wikimedia Commons has media related to Gymboree.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Gymboree&oldid=1216019093"