The Gymboree in the Monmouth Mall in Eatontown is among the company's 450 nationwide closures.
Gymboree is a children's clothing retailer which filed for bankruptcy in June and is now going through a court-supervised financial restructuring.
Other local closures include the Crazy 8, an offshoot of Gymboree, at the Freehold Raceway Mall and the Gymboree at the Brook 35 & West Plaza in Sea Girt. In total, seven Gymboree stores in New Jersey will be closing, leaving 13 stores in the state.
So far, the Monmouth Mall has been spared from the recent retail closures that have occurred over the last year with its Macy's and JCPenney's stores announcing that they will not be shuttered. However, the Wet Seal store at the mall did close its doors earlier this year.