Monday, May 18, 2020

Children’s Place sales down 38% in Q1; reopening stores in 10 states

Chain Store Age
The Children’s Place is beginning to reopen its stores as the COVID-19 pandemic continues to take a toll on its revenue.

The nation’s largest pure-play children’s specialty apparel retailer said its sales fell 38% to $254 million in the quarter ended May 2. To help fulfill surging online demand, Children’s Place enabled its ship-from-store capabilities in approximately 85% of its U.S. stores in late April, which more than doubled its daily shipping capacity. The retailer said its seond quarter digital demand is up more than 400% through May 16. . . . more