Gymboree

The Gymboree Corporation
Private
Industry Retail
Founded 1976
Headquarters San Francisco, California, US
Number of locations
 Gymboree: 629
Gymboree Outlet: 139
Janie and Jack: 119
Crazy 8: 220 (January 2010)[1]
Key people
 Mark Breitbard (CEO)
Products Children's clothes & Toys
Services Play activities
Revenue Increase US$1.247 billion (FY 2016)[2]
Increase US$ -10.17 million (FY 2016)
Total assets Decrease US$1.156 billion (FY 2016)
Owner Bain Capital
Number of employees
 9,500 (4,300 full-time equivalents)[3]
Website http://www.gymboree.com
Gymboree headquarters
500 Howard Street
San Francisco, CA
Gymboree Play & Music, Putney Exchange, London, England

The Gymboree Corporation is an American, San Francisco-based corporation that operates a chain of over 1200 specialty retail stores of children's apparel in the United States, Puerto Rico and Canada. It has nearly 650 Play and Music Centers worldwide. Bain Capital acquired the company in 2010.

History

Play and music centers

A Gymboree retail store

Play centers are located across the United States, Puerto Rico, and Canada. It has expanded its franchises in 36 countries including Mexico, Dominican Republic, Colombia, Brazil, China, Ecuador, India, Saudi Arabia. In addition, Gymboree franchises nearly 300 Gymboree Play & Music centers around the globe.

The Play & Music centers operate on a membership-based monthly fee structure. Each member pays a monthly fee based on the type of class they are taking and receive access to one 50 minute class per week plus 'open play' time when the gym is open to all members during designated times throughout the week. The classes range in age from 6 months through five years old and group children by ages to provide age-appropriate content and playmates. There are traditional 'play'-based classes, but also classes that focus on art, music and school skills for preschoolers and kindergartners.

Retail stores

In 1986, the company opened a chain of clothing stores named Gymboree. Gymboree stores offer coordinating children's clothing. The sizes range from newborn to size ten. Gymboree, in its current incarnation (it has reorganized several times) is incorporated under the Gym-Mark, Inc nameplate. It currently operates 630 Gymboree Retail, 150 Gymboree Outlet, 130 Janie & Jack, and 290 Crazy 8 stores in the US.

Crazy 8 was started in August, 2007. It features lower priced clothing and is Gymboree's direct competitor for The Children's Place and Old Navy.

Lawsuits

In November, 2005, Gymboree settled a lawsuit relating to overtime compensation in Riverside, California for $2.3 million. The lawsuit alleged that Gymboree did not pay some mandatory overtime or provide required meal breaks.[4]

References

  1. ↑ "Gymboree Corp" (PDF). Files.shareholder.com. Retrieved 2016-04-03.
  2. ↑ "Gymboree - Financial Report - Annual Revenue - Stock". Privco.com. Retrieved 2 April 2016.
  3. ↑ "Archived copy". Archived from the original on July 5, 2009. Retrieved December 21, 2007.
  4. ↑ "Gymboree settles overtime suit for $2.3M". San Francisco Business Times. 21 November 2005. Retrieved 3 April 2012.
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