Coming Soon: 2 Million More Sq. Ft. of Empty Space

And it’s not Sears we’re talking about here. All signs point to The Gymboree Corporation filing for Chapter 11 bankruptcy for the second time since 2017. The move could come as early as this week, and most observers are betting against the company emerging as an ongoing concern this time around.

More likely is an announcement that the company will close all stores and liquidate assets, placing nearly 2 million more square feet of retail space on the market. Gymboree Corporation operates slightly more than 900 retail locations across the US and Canada.

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