CONNECT WITH US
eCommerce

eCommerce

The Children’s Place Stores Could Soon Go Dark, but Parents Still Have Time to Get Deals on Kids’ Shoes

WWD logo

Published on

Add as a preferred source on Google
The Children’s Place Stores Could Soon Go Dark, but Parents Still Have Time to Get Deals on Kids’ Shoes

The bankruptcy filing of The Children's Place on Sunday leaves one less retailer for parents on the hunt for affordable shoe prices for their kids.

Parents seeking affordable shoes for their kids have a limited time to get them at 50 percent off at The Children’s Place.

The children’s retailer is liquidating all stock, and the shoes are final sale. Boots at $49.95 are now $24.98, while toddler girls glitter-bow ballet flats can be had at $14.98 from $29.95. Some options are online only, but most are available at the banner’s retail stores. The inventory liquidation sales are conducted through a joint venture comprised of GA Group, Tiger Group and SB360 Capital.

The liquidation is due to the retailer’s Chapter 11 filing Sunday night in a bankruptcy court in New Jersey. The retail chain, which also owns the twice-bankrupt Gymboree nameplate that was acquired in March 2019, is selling its assets to a buyer that would allow it to continue to operate as a going concern. Bids from interested buyers are due Dec. 9, with a bankruptcy-court-supervised sale process expected to be completed by the end of December 2026.

“Today’s announcement marks an important step in our efforts to secure the best path forward for The Children’s Place,” said Rudy Morando, co-chief restructuring officer of The Children’s Place. “For nearly 60 years, The Children’s Place has supported growing families with apparel that customers have come to know and love.



Source link
Related Topics:eCommerce

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.