The Gymboree children's clothing store will close in Southlake Mall in Hobart.
San Francisco-based Gymboree filed for bankruptcy in June, and now announced this week it would shut down 350 stores across the country as part of its restructuring.
The retailer, which provides apparel for newborns to kids through age 10, announced in court filings it plans to close four Indiana locations at malls in Hobart, Evansville, Greenwood and Bloomington.
“Today’s announcement represents the next step in the company’s court-supervised financial restructuring as we work to more strongly position the business for long-term growth and success,” Gymboree President and CEO Daniel Griesemer said. “Right-sizing our store footprint is a central part of our efforts to ensure Gymboree emerges from this restructuring process as a stronger and more competitive organization, with greater financial flexibility to invest in our future.”
A closing sale is expected to begin Tuesday.
It's just the latest in a long string of retail closures in Northwest Indiana since the so-called "retail apocalypse" began late last year, largely as the result of the rise of ecommerce. Closures in Northwest Indiana and the south suburbs include Ashley Homestore, hhgregg, Walgreens, Payless, Dollar Express, MC Sports, Family Christian, Gordmans, The Limited, Wet Seal, Kmart, Sears Appliance and Hardware Store, Carson's Clearance Center and Gander Mountain.
Earlier this week, Sears announced it would shutter its last remaining Schererville location as part of a bid to cut $1.25 billion in annual expenses.