As of October 31, 2015, it operated 955 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 90 international stores operated by its franchise partners in 12 countries.[4]
Between 2004 and 2007, the company owned and operated 335 Disney Stores through a subsidiary Hoop Holdings/Hoop Retail Stores LLC.[7] Disney sold the chain for the cost of inventory to Children's Place subsidiary Hoop Holdings, plus a 15-year licensing agreement.[8][7] Mario Ciampi, senior vice president of store development and logistics, was named Hoop/Disney Store North America president. The company agreed to pump $100 million in operation upgrades and remodeling.[9] Under the licensing agreement, a "royalty holiday" period existed until October 2006 to allow revamping of the stores. The royalty thereafter was 5% of store sales, while online sales get Disney a 9% to 10% royalty. Hoop Holdings was able to write off the cost ($48 million) of the equipment and property received in the purchase.[8]
Hoops saw progress with its strategy as open stores in 2006 for 11 months saw 15% increase in sales assisted by a better Disney box office results and the Disney Channel hit High School Musical. A store website would be up and running in April 2007.[8]
In June 2007, the company began negotiations to sell the rights back to The Walt Disney Company.[7] On March 26, 2008, Hoop Holdings/Hoop Retail Stores LLC and related subsidiaries of TCP that operated Disney Store retail locations filed for bankruptcy.[7] Hoop obtained from Wells Fargo $35 million of debtor-in-possession financing and appointed Perry Mandarino of Traxi LLC, the Manhattan financial-restructuring company, as chief restructuring officer.[10] On May 1, 2008, 231 Disney Stores in North America once again became the property of Disney, operating under the Disney Consumer Products arm.[11]
On December 11, 2009, The Children's Place Retail Stores announced the appointment of former Lord & Taylor CEO Jane T. Elfers as president and chief executive officer (CEO) of the company, effective January 4, 2010.[12]
In the summer of 2013, the store withdrew a T-shirt from the stores with four options for "My best subjects" including "Shopping, Music, Dance and Math." While shopping, music, and dance were checked, math was left unchecked because the T-shirt stated "Nobody’s perfect!"[13]
A factory in the Rana Plaza building near Dhaka, Bangladesh that produced Children's Place merchandise collapsed in April 2013, killing 1,134 people.[14][15] The company then joined Alliance for Bangladesh Worker Safety along with other North American apparel retailers, and former U.S. Senators George Mitchell and Olympia Snowe. The Alliance's mission is a five-year plan to improve conditions in Bangladeshi garment factories.
OperationsEdit
Most of The Children's Place stores are located in and around regional malls, but also include some strip shopping centers, outlets, and street stores. The majority of their stores are small, traditional mall stores, although some Children's Place outlets are in a big box format.
ReferencesEdit
Media related to The Children's Place at Wikimedia Commons
^Sabanoglu, Tugba (December 16, 2022). "Number of stores of The Children's Place in North America as of 2022". Statista. Retrieved September 25, 2023.
^Vernon, Joan (February 27, 2004). "Secaucus, N.J.-Based Children's Place Seeks to Convert Browsers into Buyers". The Record. Retrieved July 16, 2008.
^"The Children's Place, Inc. (PLCE) Company Profile & Facts - Yahoo Finance". finance.yahoo.com. Retrieved 2023-07-11.
^Hoskins, Tansy (April 23, 2015). "Reliving the Rana Plaza factory collapse: a history of cities in 50 buildings, day 22". The Guardian. Retrieved 5 May 2019.
^"Western Firms Feel Pressure as Toll Rises in Bangladesh". NYTimes.com. 2013-04-25. Retrieved 2016-03-04.
October 27, 2023
children, place, specialty, retailer, children, apparel, accessories, headquartered, secaucus, jersey, also, markets, apparel, under, children, place, place, baby, place, gymboree, brand, names, children, place, valdosta, georgiatypepublictraded, asnasdaq, plc. The Children s Place Inc is a specialty retailer of children s apparel and accessories headquartered in Secaucus New Jersey 2 It also markets apparel under the Children s Place Place Baby Place and Gymboree brand names 3 The Children s Place Inc The Children s Place in Valdosta GeorgiaTypePublicTraded asNasdaq PLCEIndustryApparelFounded1969FoundersDavid PulverClinton ClarkHeadquartersSecaucus New JerseyNumber of locations904 2023 1 Area servedWorldwideProductsChildren s apparel and accessoriesRevenueUS 1 708 billion 2023 Operating income US 1 530 billion 2023 Net income US 1 381 billion 2023 Total assetsUS 986 28 million 2023 Total equityUS 158 478 million 2023 Number of employees3 300 2023 SubsidiariesGymboreeWebsitewww wbr childrensplace wbr comAs of October 31 2015 it operated 955 stores in the United States Canada and Puerto Rico an online store at www childrensplace com and had 90 international stores operated by its franchise partners in 12 countries 4 History Edit nbsp The Children s Place in ManhattanThe company was founded in 1969 It was acquired by Federated Department Stores in 1981 5 After Campeau Corporation acquired Federated they sold The Children s Place to a group led by Joseph Sitt in 1988 6 They became publicly traded on the NASDAQ exchange in 1997 under the ticker symbol PLCE citation needed Between 2004 and 2007 the company owned and operated 335 Disney Stores through a subsidiary Hoop Holdings Hoop Retail Stores LLC 7 Disney sold the chain for the cost of inventory to Children s Place subsidiary Hoop Holdings plus a 15 year licensing agreement 8 7 Mario Ciampi senior vice president of store development and logistics was named Hoop Disney Store North America president The company agreed to pump 100 million in operation upgrades and remodeling 9 Under the licensing agreement a royalty holiday period existed until October 2006 to allow revamping of the stores The royalty thereafter was 5 of store sales while online sales get Disney a 9 to 10 royalty Hoop Holdings was able to write off the cost 48 million of the equipment and property received in the purchase 8 Hoops saw progress with its strategy as open stores in 2006 for 11 months saw 15 increase in sales assisted by a better Disney box office results and the Disney Channel hit High School Musical A store website would be up and running in April 2007 8 In June 2007 the company began negotiations to sell the rights back to The Walt Disney Company 7 On March 26 2008 Hoop Holdings Hoop Retail Stores LLC and related subsidiaries of TCP that operated Disney Store retail locations filed for bankruptcy 7 Hoop obtained from Wells Fargo 35 million of debtor in possession financing and appointed Perry Mandarino of Traxi LLC the Manhattan financial restructuring company as chief restructuring officer 10 On May 1 2008 231 Disney Stores in North America once again became the property of Disney operating under the Disney Consumer Products arm 11 On December 11 2009 The Children s Place Retail Stores announced the appointment of former Lord amp Taylor CEO Jane T Elfers as president and chief executive officer CEO of the company effective January 4 2010 12 In the summer of 2013 the store withdrew a T shirt from the stores with four options for My best subjects including Shopping Music Dance and Math While shopping music and dance were checked math was left unchecked because the T shirt stated Nobody s perfect 13 A factory in the Rana Plaza building near Dhaka Bangladesh that produced Children s Place merchandise collapsed in April 2013 killing 1 134 people 14 15 The company then joined Alliance for Bangladesh Worker Safety along with other North American apparel retailers and former U S Senators George Mitchell and Olympia Snowe The Alliance s mission is a five year plan to improve conditions in Bangladeshi garment factories Operations EditMost of The Children s Place stores are located in and around regional malls but also include some strip shopping centers outlets and street stores The majority of their stores are small traditional mall stores although some Children s Place outlets are in a big box format References Edit nbsp Media related to The Children s Place at Wikimedia Commons Sabanoglu Tugba December 16 2022 Number of stores of The Children s Place in North America as of 2022 Statista Retrieved September 25 2023 Vernon Joan February 27 2004 Secaucus N J Based Children s Place Seeks to Convert Browsers into Buyers The Record Retrieved July 16 2008 The Children s Place Inc PLCE Company Profile amp Facts Yahoo Finance finance yahoo com Retrieved 2023 07 11 Investor Relations Corporate Overview corporate ir net Retrieved 2016 03 04 Ap 1981 10 07 Federated Set To Buy Chain The New York Times ISSN 0362 4331 Retrieved 2018 08 26 Federated Division To Be Sold tribunedigital chicagotribune Retrieved 2018 08 26 a b c d Unit of Children s Place that operates Disney Stores files for bankruptcy nj com 2008 03 27 Retrieved 2016 03 04 a b c Menn Joseph 23 December 2006 New ownership turns Disney Stores around Los Angeles Times Retrieved December 29 2016 Children s Place to buy US Disney Stores The Retail Bulletin October 20 2004 Retrieved January 5 2017 Daniel Robert March 27 2008 Children s Place s Disney Store unit files Chapter 11 MarketWatch Retrieved 27 November 2012 Chmielewski Dawn C September 6 2011 Head of Disney Consumer Products group steps down Los Angeles Times Retrieved 15 November 2012 Children s Place names new CEO The Record December 11 2009 The worst shirts for girls 7 August 2013 Hoskins Tansy April 23 2015 Reliving the Rana Plaza factory collapse a history of cities in 50 buildings day 22 The Guardian Retrieved 5 May 2019 Western Firms Feel Pressure as Toll Rises in Bangladesh NYTimes com 2013 04 25 Retrieved 2016 03 04 Retrieved from https en wikipedia org w index php title The Children 27s Place amp oldid 1177265612, wikipedia, wiki, book, books, library,
