TGT - The Most Likely Benefactor From The Gymboree Fallout: Target
Hindsight is 20/20, so they say.
With that in mind, I'm proposing the benefactor of Gymboree's bankruptcy won't be The Children's Place (PLCE). Yes, it won the bankruptcy auction for the Gymboree and Crazy 8 brands. Rather, I'm proposing Target is more likely to take market share and fare better.
Stepping Through Some History
Opened in 1976, Gymboree grew to be a premier North American children’s retailer. It operated three brands - Gymboree, Janie and Jack and Crazy 8 through retail stores and online. After nearly 43 years, on January 16, 2019, the