Children's Place has been in the right place at the right time more than once in the past year. When rival Gymboree went bankrupt last year and closed hundreds of stores, Children's Place was only too happy to step in and fill the gap.
The retailer had stores open in more than half of the shopping centers where Gymboree has closed 326 of its stores, CEO Jane Elfers told analysts in March, according to a Seeking Alpha transcript of the call. . . . more