The Children's Place Will Permanently Close 300 Stores and Launch Liquidation Sales Soon
The retailer famously filed for Chapter 11 bankruptcy and shuttered more than 800 stores of its own in January 2019, in what became a record-breaking year for retail store closings across the US. However, by early 2020, the rights to the , and it was launching eight new collections in TCP locations nationwide.
"The Gymboree team has worked tirelessly to bring this iconic brand back to its passionate and loyal customers," Elfers said at the time. "Gymboree was successfully built on capturing the essence of childhood in its product design," Senior Vice President of Design and Brand Creative Jennifer Groves added in a press release."Childhood passes by in a moment, and because of this, we want to capture family memories that will last forever as kids run, dream, explore and imagine … all in Gymboree."
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