Thursday, June 11, 2020

Children's Place to shutter 300 stores as it shifts focus to digital sales

Chain Store Age
Children’s Place Inc. plans to reduce its store network by a third.

The children’s apparel retailer is accelerating its “fleet optimization” initiative and is now targeting to close an additional 300 stores by the end of 2021, with 200 closures planned for this year and another 100 planned for 2021. As of May 2, Children’s Place had 920 stores in the U.S. and Canada. . . . more