Seeds of Gymboree Failure Lay in Port Strikes — Panjiva

Supply Chain Research

Seeds of Gymboree Failure Lay in Port Strikes

Cons. Discr. - Apparel 500 Finance 118 Financing 115 U.S. 5324 Vietnam 377

Kids’ clothing retailer Gymboree may file for Chapter 11 bankruptcy according to Bloomberg. That follows the recent failure of footwear chain Payless Shoesource citing supply chain disruption in 2015. Panjiva data shows a similar effect for Gymboree, with a 51% drop in U.S. imports in February 2015 on a year earlier representing the fallout from west coast port strikes. That was followed by three quarters of falling revenues. More recently Gymboree imports fell 13% in the quarter to January 31 – after a general malaise in kids clothes imports nationally – and revenues dropped 7%. The thr...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.