Parents who love shopping for their children at Gymboree stores have been dreading this news for years now, and although it's not a done deal yet, signs are pointing to all stores closing.

I know... I'm sorry....news like this sucks, but according CNBC;

Children's clothing retailer Gymboree Group is expected to file for bankruptcy protection as soon as this week, in what would be its second bankruptcy filing in less than two years, a person familiar with the situation told CNBC.

As part of the bankruptcy process, the company expects to close much of the roughly 900 stores it operates under the Gymboree, Janie and Jack and Crazy 8 brands, the person said. The retailer is also trying to sell its high-end brand, Janie and Jack, which could save the brand and its roughly 139-store footprint, the person said.

 

CNBC also says that The Wall Street Journal was the first to report Gymboree's looming bankruptcy, and so far the company has not been available for comment.

Parents, keep hope alive. Gymboree survived one bankruptcy filing already, maybe then can again?

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