If you’ve been hoarding those Gymboree gift cards, waiting for the perfect moment to splurge on some new styles for your kids, now is the time to use them up.
Gymboree Group, Inc. filed for bankruptcy last week for the second time in fewer than two years, and it will close all of its Gymboree and Crazy 8 stores, CEO Shaz Kahng said in a letter on the company’s website:
We will wind-down our Gymboree, Gymboree Outlet and Crazy 8 businesses and close those stores. At the same time, we are focused on using this process to preserve Janie and Jack by pursuing a sale of the business, with the hope that it will continue to serve customers for many years to come.
This is a heartbreaking outcome for our many dedicated employees and our treasured customers with whom we have built many strong relationships over the past four decades. While our Gymboree, Gymboree Outlet and Crazy 8 stores and websites will be closing soon, we will remain focused on ensuring we continue to deliver the exceptional service you have come to expect from us.
The letter doesn’t state when the stores will begin closing or how long returns and gift cards will be accepted. However, USA Today reported that the company has requested court authorization to continue accepting gift cards for 30 post-filing. If approved, that 30 days could run out as early as Feb. 15.
To be safe, go use them now; everything is currently 50 percent off and shipping is free.