The Children’s Place is closing stores, joins list of struggling retailers to file for bankruptcy in 2026
The Children’s Place (Nasdaq: PLCE), a popular children’s clothing retailer with around 500 locations, has announced it is filing for bankruptcy. The news comes as the company has struggled for years with declining sales and higher costs—not to mention a falling stock price. Yet, for now at least, the company says it plans to keep operating if possible, while also noting that some of its stores…
The Children’s Place, a well-known children's clothing retailer with approximately 500 locations, has announced its intention to file for bankruptcy in 2026. The company, which has faced declining sales and rising costs, remains committed to continuing operations if possible, while acknowledging that some store closures may be necessary.
As of Q2 2026, the company reported revenue of $241.8 million, a 18.9% decrease from the same quarter in 2025, and gross profits of $83.3 million, down from $101.3 million in the same period a year prior. The company currently has 514 stores in operation across the United States, Canada, Bahrain, Israel, Mexico, Oman, Qatar, Saudi Arabia, UAE, and Venezuela, but has not disclosed which locations will close during the bankruptcy process.
The Children’s Place is seeking bids for its assets by December 9, with the goal of transferring ownership by the end of December.
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