15.10.2019 15:22:19

Children's Place relaunching Gymboree in stores and online in early 2020

Children's Place Inc. said Tuesday that it will relaunch the Gymboree brand in North America in early 2020. The relaunch will include a Gymboree website, app and shop-in-shop locations in more than 200 The Children's Place stores. There will also be an enhanced Gymboree loyalty program. Gymboree filed for bankruptcy in January and sold its Jack and Janie line to Gap Inc. . Children's Place won the Gymboree intellectual property in March with a $76 million bid. Children's Place stock has slumped more than 45% over the past year while the S&P 500 index is up 7.8% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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