The Children’s Place is Closing 300 More Stores
The Children’s Place has announced that they plan to close 300 more stores between 2020 and 2021, but this doesn’t mean that the popular children’s retailer is going anywhere!
The Children’s Place has been focusing more on online sales and has been closing stores since 2013, with a total of 275 stores closed so far. Plus, they have added Gymboree to their online portfolio with a small selection of The Children’s Place physical stores carrying Gymboree apparel.
The online business model has proven to be successful for Gymboree, so we could possibly see The Children’s Place following suit.
Stores closings usually mean that there will be sales. However, discounts will likely vary depending on each state’s current coronavirus policies and guidelines. A list of stores has not yet been shared but we’ll keep an eye out!
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