×
36 732
Fashion Jobs
TOO FACED
Account Executive - Manhattan, New York
Permanent ·
GIII APPAREL GROUP
Accounts Payable Coordinator
Permanent · New York
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Mesa
SALLY BEAUTY CORPORATE
Dbe Barber Account Executive
Permanent · New York
SALLY BEAUTY CORPORATE
Dbe Barber Account Executive
Permanent · Nashville
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Eugene
SALLY BEAUTY CORPORATE
District Manager
Permanent · Winston-Salem
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Reno
CENTRIC BRANDS
Associate, Account Executive - Los Angeles (Hudson)
Permanent · Los Angeles
CENTRIC BRANDS
Area Manager - Bcbg - Texas
Permanent · New York
CENTRIC BRANDS
Senior Analyst - m&a - Business Development
Permanent · New York
CENTRIC BRANDS
Sales Manager, Bcbg - Division - Fashion Valley 624
Permanent · San Diego
ULTA BEAUTY
Prestige Sales Manager-Alabaster Promenade
Permanent · Alabaster
ULTA BEAUTY
Prestige Sales Manager-Shoppes of Mentor
Permanent · Mentor
ULTA BEAUTY
Prestige Sales Manager-Marshall's Plaza
Permanent · DeWitt
ULTA BEAUTY
General Manager-Lincoln Square
Permanent · Arlington
ULTA BEAUTY
Prestige Sales Manager-Water Tower Place
Permanent · West Des Moines
ULTA BEAUTY
Prestige Sales Manager-Ocean County Mall
Permanent · Toms River
ULTA BEAUTY
Retail Sales Manager-Water Tower Place
Permanent · West Des Moines
ULTA BEAUTY
Retail Operations Manager-Ocean County Mall
Permanent · Toms River
ULTA BEAUTY
Retail Operations Manager-Firewheel Town Center
Permanent · Garland
ULTA BEAUTY
Retail Sales Manager-Ocean County Mall
Permanent · Toms River

Gymboree launches strategic review, plans closure of Crazy 8 brick-and-mortar chain

Published
today Dec 6, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

San Francisco-based childrenswear retail company Gymboree Group, Inc. announced on Wednesday that it is explorin options for its brands, including plans to shutter all Crazy 8 stores and significantly reduce the retail footprint of its namesake Gymboree label in 2019.


Gymboree Group is planning to close all Crazy 8 locations and significantly reduce its namesake brand's retail footprint in 2019 - Instagram: @gymboree

 
Along with the closures, the company stated that it will be undertaking a comprehensive strategic review of its brand portfolio, which also includes Janie and Jack, a process which could lead to the sale of one or more of Gymboree Group’s retail banners.
 
The company has also announced the appointment of Shaz Kahng as its new CEO, effective November 14, 2018.

Kahng brings 30 years of experience in retail to her new position, having previously led the successful turnarounds of Lucy Activewear and a number of Nike business segments. She has already been working with Gymboree for the last year, helping implement strategies aiming to revive the company’s businesses.
 
“The process we announced today is designed to reposition the Company for success by establishing a brand portfolio and store footprint that is optimized for the current retail environment,” said Kahng in a release.
 
“These strategic initiatives are an important next step as we continue to look for ways to unlock additional value in our brands. We are optimistic about our future as a more streamlined organization that can deliver enhanced, long-term value to its stakeholders.”
 
As of yet, Gymboree cannot guarantee that the strategic review will result in a sale or transaction, and the company has not provided a timetable for completion of the process.
 
The group’s stores across the US, Canada and Puerto Rico will continue to operate as normal through the holiday season.

Copyright © 2019 FashionNetwork.com All rights reserved.