Retail Roundup—Gymboree to close 350 stores; Abercrombie off the market

Abercrombie & Fitch
Abercrombie & Fitch has backed off of plans to sell the brand. (Ryan McKnight / CC BY 2.0)

Whole Foods 365 to open in Florida

Whole Foods will open its first 365 brand concept in Florida in Delray Beach in 2019. So far, the retailer has opened four Whole Foods 365 stores that are meant to be a less expensive version of the name brand with a smaller store footprint. (Sun Sentinel)

Gymboree to close 350 stores

Gymboree announced it will close 350 stores across the Gymboree and Crazy 8 brands. With the right size store base, the company plans to focus on profitable locations, the next phase of a court-supervised restructuring plan. (PR Newswire)

Abercrombie no longer for sale

Abercrombie & Fitch announced that it has taken its stores off the market, instead pinning its hopes on a turnaround plan. Back in May, the retailer was working with investment bankers to try to negotiate a buyout, and brands rumored to be interested included Express and American Eagle Outfitters. (The Columbus Dispatch)

CFO departs JCPenney

JCPenney’s CFO and executive VP Edward Record has announced he will be stepping down. Record joined the company as CFO in March 2014. During his tenure, the retailer has retired more than $1.4 billion in debt, enhanced its revolving credit facility and obtained numerous credit rating upgrades. (GlobeNewswire)