It sort of feels like the Ice-age out there. Huge chain stores that once "ruled the earth" are now becoming extinct faster than polar bears and black rhinos. The latest retail giant to announce a mass closure was children clothing chain Gymboree.

When they opened in 1986, the Gymboree Corporation also owned Entertainment and Play Centers but have since split the two entities. Last week, it was announced that the retail clothing line would be shutting 350 brick and mortar stores like the one at Eastland Mall as it restructures in bankruptcy but would still operate online and in various stores that are staying open throughout the country.

This weekend, the CEO Dan Griesemer sent the following email to Gymboree customers:

So, be looking for deep discounts at the Evansville store and continue to shop online at your convenience.