Biz Buzz: July 16, 2017
Specialty kids’ clothes retailer Gymboree — whose network of stores includes an outlet at the Mesa Mall — is undergoing a large national restructuring and announced last week that it is closing hundreds of stores.
Among the closures are seven stores in Colorado, including the Grand Junction mall store.
“As part of our court-supervised restructuring process, the Gymboree Corporation is taking necessary steps to strengthen our Company as a whole by closing certain (stores),” an announcement reads from the company, which began in San Francisco in 1976 and grew to a network of more than 1,300 retail stores in the U.S. and Canada.
It’s still business as usual at the local store, at least until the planned closure some time in September and October.
A friendly person who answered the phone at the store said they expect to still get new inventory for sale between now and the time they plan to close.
Gymboree filed for bankruptcy protection in June, and said it plans to close some 350 stores as part of their restructuring process.
■ Vectra Bank announced a new resource for the Western Slope, naming Nicholas Daniel vice president and wealth advisor at Vectra Wealth Advisors, according to a news release. Daniel is expected to serve communities including Glenwood Springs, Aspen, Grand Junction, Montrose, Durango and Cortez.
The company says Daniel has more than eight years of experience and specializes in providing retirement income strategies to maximize Social Security benefits and reduce taxes. Additional expertise includes strategic planning, wealth planning and trust services.
Before joining Vectra, Daniel was a senior financial services representative with Foresters Financial Services Inc.
More information can be found at vectrabank.com.
■ Alpine Bank, 225 N. Fifth St. in Grand Junction, will be the site of a unique fundraiser later this month, one that will have participants gasping for breath.
On July 29, the bank is sponsoring Stairs for Air, an event to raise money for the American Lung Association, where teams of participants will be challenged to climb the stairs of the 10-story bank building.
“You’ll get in an amazing workout while at the same time supporting the American Lung Association in Colorado,” said Aaron Miller, president of Alpine Bank Grand Junction, in a press release.
To register for the event, search “Stairs for Air Grand Junction” on any internet browser. The participation fee is $20. Funds raised will support research, education and patient programs and go to help the millions of Americans affected by asthma, COPD, lung cancer, air pollution and other lung disease, according to organizers.
According to the American Lung Association, lung cancer is the number one cancer killer of both men and women in the United States, COPD is the third-leading cause of death in America, and asthma is the number one chronic disease in children.