Gymboree
According to CNBC, this clothing company for children’s wear filed for bankruptcy protection in January 2019. When it filed, the retailer stated that it planned to cease operations on all of its Crazy 8 stores as well as all of its 800 Gymboree stores. In March, a few months after it filed for bankruptcy, the company announced that there were changes.
Gymboree
Gymboree’s brands had been acquired by another company! Their buyer? Children’s Place, a fellow distributor of children’s products. It bought both Gymboree and Crazy 8, according to CNBC. In addition, another company, the Gap, acquired the intellectual property of Gymboree’s Janie and Jack, its customer data, website, and more. Janie and Jack is one of Gymboree’s children-centric brand, which is quite well-known to consumers and their little babies.
Diesel USA
On March 5, 2019, this retailer of denim apparel filed for Chapter 11, Business Insider reports. In its bankruptcy court documents, Diesel stated that its declining wholesale orders were due to “general downturn in the brick-and-mortar retail industry,” as well as the decreasing net sales, expensive leases, and some instances of fraud and theft.
Diesel
RetailDive state in an article released on March 5 that Diesel planned to reorganize as well as relocate some store locations “with a smaller footprint.” They also planned to rebrand, open a Miami pop-up shop, and open stores in locations which are strategically good for business. Some stores wouldn’t renew their leases. Hopefully, this reorganization works so all the denim fans can still buy their favorite Diesel products.
