Children’s clothing retailer The Children’s Place has filed for Chapter 11 bankruptcy protection in the United States. The company plans to sell substantially all of its assets and is seeking potential buyers, aiming to complete a deal by the end of December. It operates 514 stores in North America, runs two digital storefronts and distributes its products in 13 countries. In the second quarter of its 2026 fiscal year, net sales fell nearly 19 % from a year earlier, amid weaker consumer spending, heavy promotional activity and an unbalanced product mix. The company reported about $742 million in assets and $881 million in debts, while its shares traded around 18 cents.
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