The Children’s Place Seeks a Sale Through Chapter 11

Business · First reported 9 Nov, 05:30 · Updated 12:55

Image: Wikimedia Commons · NASA/USGS · Public domain

The Children’s Place filed for Chapter 11 protection and is seeking a court-supervised sale of substantially all its assets. Stores and online operations remain open while the company pursues a buyer and works to fund continued operations; liquidation remains possible if it does not receive a satisfactory offer.

The retailer filed voluntarily in the U.S. Bankruptcy Court for the District of New Jersey and is seeking to sell substantially all its assets. It is also seeking recognition of the U.S. case in Canada for its Canadian operations and assets.
The company is seeking a buyer that would allow it to continue operating as a going concern, and says stores and e-commerce sites remain open. It is also looking to obtain a new term loan from existing secured lenders to fund operations.
Potential buyers have until Dec. 9 to submit bids, and the company expects the sale process to finish by year-end. The company has said liquidation is possible if it cannot secure a satisfactory offer.
In the second quarter of fiscal 2026, ended Aug. 1, net sales fell 18.9% year over year to $241.8 million, and the company reported a $31 million net loss.

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Key facts

Filing: Voluntary Chapter 11 petition filed in the U.S. Bankruptcy Court for the District of New Jersey.
Bid deadline: Dec. 9.
Store and online status: Stores and e-commerce operations remain open.
Quarterly net sales: $241.8 million, down 18.9% year over year in the second quarter of fiscal 2026 ended Aug. 1.
Quarterly net loss: $31 million in the second quarter of fiscal 2026.