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{{short description|American retail corporation}}
{{Use mdy dates|date=February 2020}}
{{Use mdy dates|date=February 2020}}
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{{more citations needed|date=February 2019}}
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{{short description|American retail corporation}}
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{{refimprove|date=February 2019}}
{{Infobox company
{{Infobox company
| name = Gymboree Group, Inc.
| name = Gymboree Group, Inc.
| logo = Gymboree logo.svg
| logo = Gymboree logo.svg
| image = Gymboree HQ, SF 2.JPG
| image = A Gymboree retail store.tif
| image_caption = Headquarters in [[San Francisco]]
| image_caption = A Modern Gymboree location
| type = [[Privately held company|Private]]
| type = [[Subsidiary]]
| industry = [[Retail]] (original), [[online shopping|eCommerce]]
| industry = [[Retail]] (original), [[online shopping|eCommerce]]
| foundation = {{start date and age|1976}}
| foundation = {{start date and age|1976}}
| defunct =
| defunct =
| fate =
| fate = [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]]
| location =
| location = 71 Stevenson St. #2200<br>[[San Francisco]], [[California]], U.S.
| locations =
| locations = Gymboree: 945 (2019)<ref name="N">{{cite web|url=https://m.cnn.com/en/article/h_8fa75e95284abed28c78f1c9931f011e|title=Gymboree's second bankcruptcy will kill the brand|accessdate=September 22, 2019}}</ref> <br> 1,281 (2017)<ref name="H" />
| key_people =
| key_people = Shaz Kahng ([[CEO]])<ref>http://bloomberg.com/profile/person/4623683. Retrieved September 22, 2019.</ref>
| products = Children's clothes & Toys
| products = Children's clothes & Toys
| revenue =
| revenue = {{decrease}}[[US$]]1.16 billion {{small|([[Fiscal Year|FY]]2017)}}<ref name="K">http://sec.gov/cgi-bin/browse-edgar?CIK=0000786110&action=getcompany. Retrieved September 23, 2019.</ref>
| operating_income = {{decrease}}US$-372.8 million {{small|(FY2017)}}<ref name="K" />
| operating_income =
| net_income =
| net_income = {{decrease}}US$-264.1 million {{small|(FY2017)}}<ref name="K" />
| assets =
| assets = {{decrease}}US$755.5 billion {{small|(FY2017)}}<ref name="K" />
| equity =
| equity = {{decrease}}US$−609.2 million {{small|(FY2017)}}<ref name="K" />
| num_employees = 11,000 (Jan. 2019)<ref name="N" />
| num_employees =
| parent = [[The Children's Place]]
| parent = [[The Children's Place]] (2019–present)
| homepage = www.Gymboree.com
| homepage = {{webarchive |url=https://web.archive.org/web/*/http://www.gymboree.com/ |date=* |title=Archived official website}}
}}
}}
'''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 Group, Inc.''' is an [[United States|American]] corporation that operates a chain of over 1,200 specialty retail stores of children's apparel in the [[United States]] (including [[Puerto Rico]]) and [[Canada]]. [[Bain Capital]] acquired the company in 2010. Gymboree filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] in June 2017 and emerged from [[bankruptcy]] in September 2017. The company was then owned by a group of its original lenders.<ref>{{Cite web|url=http://www.denverpost.com/2017/06/12/gymboree-files-for-bankruptcy-closes-375-stores/|title=Gymboree files for bankruptcy, will close 375 stores in chapter 11 restructuring – The Denver Post|last=Newswires|first=Dow Jones|access-date=June 12, 2017}}</ref> In January 2019, the company filed for Chapter 11 bankruptcy for the second time in three years, announcing plans to shut down all Gymboree and Crazy 8 retail locations and sell off the [[Janie & Jack]] brand.<ref name=":0" /> Gymboree relaunched in February 2020 online and at select [[The Children's Place|Children's Place]] stores.


==History==
==History==
===Early years===
Gymboree was founded by Joan Barnes in 1976.<ref>http://www.fundinguniverse.com/company-histories/gymboree-corporation-history/. Retrieved September 23, 2019.</ref>
[[File:Crazy8 Children's Store Southern Park Mall.jpg|thumb|Crazy8 inside [[Southern Park Mall]] (Closed 2019)]]

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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>
===Retail stores===
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[[File:Gymboree - Scarborough TC.jpg|thumb|Gymboree store at the [[Scarborough Town Centre]] in [[Toronto]] in 2008]]
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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. Gymboree, in its current incarnation (it has reorganized several times), is incorporated under the Gym-Mark, Inc. nameplate. In 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" />
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[[File:Gymboree - Scarborough TC.jpg|thumb|Gymboree store in [[Toronto]]]]
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]].
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.<ref>http://dealbook.nytimes.com/2010/10/11/bain-buys-gymboree-for-1-8-billion/. Retrieved September 23, 2019.</ref>
In 2010, [[Bain Capital]] acquired the company for US$1.8 billion.<ref>{{cite web |url=http://dealbook.nytimes.com/2010/10/11/bain-buys-gymboree-for-1-8-billion/ |title=Bain Buys Gymboree for $1.8 Billion |website=dealbook.nytimes.com |date=October 11, 2010 |access-date=September 23, 2019}}</ref>


In June 2017, Gymboree announced it was filing for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] protection. As part of the debt management process, it said it would close 375 of its 1,300 stores.<ref>{{Cite web|url=http://fortune.com/2017/06/12/gymboree-bankruptcy-debt/|title=Gymboree Will Close More Than 375 Stores After Filing for Bankruptcy|last=Fu|first=Lisa|website=Fortune|access-date=June 12, 2017}}</ref> In September 2017, the company emerged from bankruptcy.<ref>{{Cite web|url=https://www.chainstoreage.com/news/gymboree-emerges-bankruptcy/|title=Gymboree emerges from bankruptcy|date=September 29, 2017|website=Chain Store Age|language=en-US|access-date=December 6, 2018}}</ref> In 2017, the company closed 350 of its 1,281 stores.<ref name="H">http://finance.yahoo.com/news/gymboree-closing-350-stores-heres-151841580.html. Retrieved September 22, 2019.</ref>
In June 2017, Gymboree announced it was filing for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] protection.<ref>{{Cite web|url=http://fortune.com/2017/06/12/gymboree-bankruptcy-debt/|title=Gymboree Will Close More Than 375 Stores After Filing for Bankruptcy|last=Fu|first=Lisa|website=Fortune|access-date=June 12, 2017}}</ref> In September 2017, the company emerged from bankruptcy.<ref>{{Cite web|url=https://www.chainstoreage.com/news/gymboree-emerges-bankruptcy/|title=Gymboree emerges from bankruptcy|date=September 29, 2017|website=Chain Store Age|language=en-US|access-date=December 6, 2018}}</ref><ref name="H">{{cite web |url=http://finance.yahoo.com/news/gymboree-closing-350-stores-heres-151841580.html |title=Gymboree is closing 350 stores – here's the full list |website=finance.yahoo.com |date=July 12, 2017 |access-date=September 22, 2019}}</ref>


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 and close all Crazy 8 stores after the holiday season.<ref>{{Cite web|url=https://www.chainstoreage.com/store-spaces/gymboree-to-close-crazy-8-stores-and-cut-back-namesake-stores-names-ceo/|title=Gymboree to close Crazy 8 stores and cut back namesake stores; names CEO|date=December 5, 2018|website=Chain Store Age|language=en-US|access-date=December 6, 2018}}</ref>
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.<ref>{{Cite web|url=https://www.chainstoreage.com/store-spaces/gymboree-to-close-crazy-8-stores-and-cut-back-namesake-stores-names-ceo/|title=Gymboree to close Crazy 8 stores and cut back namesake stores; names CEO|date=December 5, 2018|website=Chain Store Age|language=en-US|access-date=December 6, 2018}}</ref>


On January 17, 2019, Gymboree filed for Chapter 11 bankruptcy protection, closing all Gymboree, Gymboree Outlet, and Crazy 8 stores as a result. The company sold its Janie & Jack stores to [[Gap, Inc.]]<ref name=":0">{{cite news |url=https://www.sfgate.com/business/article/Gymboree-begins-winding-down-operations-after-2nd-13541248.php |title=SF-based Gymboree plans to shut down after second bankruptcy filing |newspaper=San Francisco Chronicle |date=January 17, 2019 }}</ref>
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.]]<ref name=":0">{{cite news |url=https://www.sfgate.com/business/article/Gymboree-begins-winding-down-operations-after-2nd-13541248.php |title=SF-based Gymboree plans to shut down after second bankruptcy filing |newspaper=San Francisco Chronicle |date=January 17, 2019 }}</ref>


===Play & Music Centers===
===Play & Music Centers===
[[File:Gymboree, Putney Exchange 01.jpg|thumbnail|Gymboree Play & Music in [[London]]|alt=|left]]
[[File:Gymboree, Putney Exchange 01.jpg|thumbnail|Gymboree Play & Music in [[London]]|alt=|left]]
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. Play & Music operates in over 40 countries and has more than 733 centers internationally.<ref>{{cite web|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|accessdate=January 3, 2018}}</ref> Gymboree Play and Music centers are not affected by the Gymboree stores closing.
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 assets were sold to [[The Children's Place]], who announced that Gymboree would relaunch as an online retailer and would also feature a [[store-within-a-store]] concept 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 relaunch 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==
In November 2005, Gymboree settled a lawsuit relating to overtime compensation in [[Riverside, California|Riverside]], California for $2.3 million. The lawsuit alleged that Gymboree did not pay some mandatory overtime or provide required meal breaks.<ref>{{cite news|title=Gymboree settles overtime suit for $2.3M |url=http://www.bizjournals.com/sanfrancisco/stories/2005/11/21/daily12.html?jst=b_ln_hl|accessdate=April 3, 2012|newspaper=San Francisco Business Times|date=November 21, 2005}}</ref>
In November 2005, Gymboree settled a lawsuit relating to overtime compensation in [[Riverside, California|Riverside]], California for $2.3 million. The lawsuit alleged that Gymboree did not pay mandatory overtime or provide required meal breaks.<ref>{{cite news|title=Gymboree settles overtime suit for $2.3M |url=http://www.bizjournals.com/sanfrancisco/stories/2005/11/21/daily12.html?jst=b_ln_hl|access-date=April 3, 2012|newspaper=San Francisco Business Times|date=November 21, 2005}}</ref>


==References==
==References==

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.
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