The Children's Place files for bankruptcy, says closures loom
Kids' clothing retailer The Children’s Place has filed for Chapter 11 bankruptcy and will close some stores to keep the business up and running, new court filings show. There is one location in the Fox Valley inside the Fox River Mall at 4301 W. Wisconsin Ave. in Grand Chute. The store is located next to Maurices near JCPenney . There are four other Wisconsin locations in Baraboo, Johnson Creek, Greendale and Wauwatosa. The Children's Place filed a bankruptcy petition along with 13 affiliated debtors in a New Jersey bankruptcy court on Nov. 8, according to court documents the company sent to USA TODAY. The retailer plans to sell all its assets and said in a news release that it aims to keep the business open. In a statement to USA TODAY on Nov. 10, the company said all its stores and e-commerce websites are open, but certain locations must close at some point. The Children's Place added that it is evaluating its store portfolio, calling the process a difficult decision. The company has two digital storefronts, 495 retail stores in North America and sells its items through wholesale marketplaces such as Amazon. International franchise and wholesale partners also sell the
