Iconic kid’s retailer abruptly closes location after announcing 100 stores will close this year due to consumer shifts ...Middle East

THE Children’s Place continues to reduce its footprint, closing another location in a major market. The store’s large outlet at The Atlantic Terminal Mall in Brooklyn, New York, has permanently shuttered. gettyThe Children’s Place continues to close locations[/caption] The move is part of a larger effort to close one hundred stores. CEO Jane Effers said on an earnings call earlier this year that the retailer anticipated most of the closures occurring in the next year. The Children’s Place has struggled to adapt to a changing retail environment filled with e-commerce competitors. The company has closed 315 stores since 2019. The Children’s Place had an estimated 600 store

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