Photo: Damian Dovarganes\/ASSOCIATED PRESS <\/p>\n
Click ahead to view 34 companies that could be the next to announce mass store closures. less <\/p>\n
Click ahead to view 34 companies that could be the next to announce mass ... more <\/p>\n
34 companies that could be the next to announce mass store closures <\/p>\n
34 companies that could be the next to announce mass store closures <\/p>\n
Forever 21 <\/p>\n
Forever 21 <\/p>\n
Neiman Marcus <\/p>\n
Neiman Marcus <\/p>\n
Toys R Us <\/p>\n
Toys R Us <\/p>\n
J. Crew <\/p>\n
J. Crew <\/p>\n
Ruby Tuesday <\/p>\n
Ruby Tuesday <\/p>\n
Tailored Brands <\/p>\n
Tailored Brands <\/p>\n
Ascena <\/p>\n
Ascena <\/p>\n
Bloomin Brands <\/p>\n
Bloomin Brands <\/p>\n
Fresh Market <\/p>\n
Fresh Market <\/p>\n
Guitar Center <\/p>\n
Guitar Center <\/p>\n
GNC <\/p>\n
GNC <\/p>\n
99-Cents Only <\/p>\n
99-Cents Only <\/p>\n
Gymboree <\/p>\n
Gymboree <\/p>\n
Charming Charlie <\/p>\n
Charming Charlie <\/p>\n
Tuesday Morning <\/p>\n
Tuesday Morning <\/p>\n
Rite Aid <\/p>\n
Rite Aid <\/p>\n
Conn's <\/p>\n
Conn's <\/p>\n
Trans World <\/p>\n
Trans World <\/p>\n
Fred's <\/p>\n
Fred's <\/p>\n
Noodles & Co. <\/p>\n
Noodles & Co. <\/p>\n
Lumber Liquidators <\/p>\n
Lumber Liquidators <\/p>\n
Charlotte Russe <\/p>\n
Charlotte Russe <\/p>\n
Tops Markets <\/p>\n
Tops Markets <\/p>\n
Claire's <\/p>\n
Claire's <\/p>\n
Sears Holdings <\/p>\n
Sears Holdings <\/p>\n
Ignite <\/p>\n
Ignite <\/p>\n
Perfumania <\/p>\n
Perfumania <\/p>\n
National Stores <\/p>\n
National Stores <\/p>\n
Shopko <\/p>\n
Shopko <\/p>\n
Rent-A-Center <\/p>\n
Rent-A-Center <\/p>\n
Bravo Brio <\/p>\n
Bravo Brio <\/p>\n
Le Chateau <\/p>\n
Le Chateau <\/p>\n
Another retailer has filed for bankruptcy <\/p>\n
The children's clothing retailer Gymboree filed for Chapter 11 bankruptcy protection late Sunday. <\/p>\n
Themall-based chain says it plans to remain in business during its restructuring, but willclose 375 to 450 stores out of its fleet of its 1,281 locations. <\/p>\n
The company employs more than 11,000 workers. <\/p>\n
Gymboree says the restructuring will reduce its debt by more than $900 million and position the company for \"long-term success.\" <\/p>\n
\"We expect to move through this process quickly and emerge as a stronger organization that is better positioned in todays evolving retail landscape, with the right size store footprint and greater financial flexibility to invest in Gymborees long-term growth,\" Gymboree CEO Daniel Griesemer said in a statement. <\/p>\n
With the filing, Gymboreejoins a long list of other retailers that have filed for bankruptcy this year, including Rue21, Payless ShoeSource, Hhgregg, The Limited, RadioShack, BCBG, Wet Seal, Gormans, Eastern Outfitters, and Gander Mountain. <\/p>\n
Already, more retailers have filed for bankruptcy this year than throughout all of last year. <\/p>\n
If Gymboree closes 375 stores, it would bring the number of retailclosures this yearto more than 5,460. <\/p>\n
Join the conversation about this story <\/p>\n
NOW WATCH: 9 items you shouldn't buy at Costco <\/p>\n
See Also: <\/p>\n
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Link:<\/p>\n
Another retailer has filed for bankruptcy - mySanAntonio.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Photo: Damian Dovarganes\/ASSOCIATED PRESS Click ahead to view 34 companies that could be the next to announce mass store closures. less Click ahead to view 34 companies that could be the next to announce mass ... more 34 companies that could be the next to announce mass store closures 34 companies that could be the next to announce mass store closures Forever 21 Forever 21 Neiman Marcus Neiman Marcus Toys R Us Toys R Us J Continue reading