Friday, May 17, 2019

Children's Place to close up to 45 stores in 2019, but also opening new stores

USA Today
The Children's Place is opening and closing stores in 2019.

As part of a multiyear plan to close 300 stores by 2020, the New Jersey-based retailer announced this week it plans on closing another 40 to 45 stores in 2019.

But at the same time, the company is looking to grow and fill the void left by former rival Gymboree. The Children's Place purchased the rights to the Gymboree and Crazy 8 brands for $76 million in March.. . . more