Between sudden growth spurts and tantrums over trying on outfits, buying clothes for kids isn’t always easy—and it’s about to get a whole lot harder, now that a beloved children’s clothing brand may be closing a store near you. On Nov. 19, The Children’s Place announced in a statement that it would be closing 100 stores in 2021. Read on to learn about the fate of this beloved store, and for more bad retails news to be aware of, check out This Legendary Store Just Announced It’s Filing for Bankruptcy.
The announcement follows The Children’s Place’s decision to shutter 118 stores between Jan. and Sept. 2020, with a plan to close a total of 200 stores by the end of the year. Representatives for The Children’s Place admitted that the brick-and-mortar closures are a direct result of falling sales due to the pandemic. As of Oct. 31, 2020, the brand had seen its net sales shrink by 22.7 percent compared to the year prior “primarily as a result of a decrease in back-to-school sales due to schools adopting remote and hybrid learning models, along with the impact of permanent and temporary store closures.”
The Children’s Place is far from the only retailer to be hit hard by the pandemic, however. Read on to discover which other stores are closing up shop. And for more retail closure news, check out This Beloved Gym Chain Just Filed For Bankruptcy.
Read the original article on Best Life.