SD's only Children's Place retailer, in The Empire Mall, could close
National retail chain The Children’s Place has voluntarily filed for Chapter 11 bankruptcy, prompting inventory sales at The Empire Mall in Sioux Falls, which is South Dakota’s only retail location. The Children’s Place, self-proclaimed as the “largest pure-play children’s specialty apparel retailer in North America,” filed for Chapter 11 bankruptcy on Sunday, according to a company press release . While The Children’s Place has confirmed via its press release that some stores will close as part of its Chapter 11 restructuring, the company has not yet announced which other locations will be affected. “We are conducting an ongoing evaluation of our operational footprint and will communicate confirmed decisions as they are made,” the announcement stated . The press release also stated , however, that the retailer is pursuing a sale of the company to new owners. An article published Monday by Retail Dive , a leading publication that provides in-depth retail industry news and trends, included a statement from Rudy Morando, co-chief restructuring officer for The Children’s Place. “For nearly 60 years, The Children’s Place has supported growing families with apparel that customers have come to know and love,” he said. “We recognize the significance of this development for our
