The Children’s Place, Inc. operates as a children’s specialty apparel retailer and sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children’s Place, Place, and Baby Place brand names.
On Monday, Children’s Place announced earnings and got spanked. They reported fourth-quarter earnings and sales, and provided full-year guidance that missed expectations.
The miss was directly due to the Gymboree bankruptcy. In January Gymboree Group Inc. which also sells children apparel filed for bankruptcy protection for the second time in less than two years and plans to shut all it 380
Add your Scripsio!
Comments