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Stock impact report

Struggling kids' clothing chain admits to big problems [Yahoo! Finance]

Children's Place, Inc. (The) (PLCE) 
Last children's place, inc. (the) earnings: 3/17 07:32 am Check Earnings Report
Company Research Source: Yahoo! Finance
Don't miss the move: Subscribe to TheStreet's free daily newsletter The uncertain state of the global economy after the pandemic has left many shoppers more wary of spending, while retailers reel from the impact of declining sales. Related: Iconic retail chain reveals dates and places for store closures In an effort to mitigate the continuous slowdowns and declines, many companies have opted to shut down locations and prioritize their online platforms, which tends to be a smaller investment. Since the pandemic, many The Children's Place stores have been permanently closed, with the remaining ones transitioned from long-term to short-term leases. These mass closures led to a decline in stores from 924 locations in 2020 to 495 in 2024, nearly halving the company's physical footprint in only four years. These shutdowns were not due to a lack of profits or underperformance, but rather a misjudgment — around 300 locations were profitable at the time of closure. Related Show less Read more
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