Gymboree news and archive

The Children’s Place Q1 sales improve 70.6 percent

For its first quarter, The Children’s Place, Inc. said, net sales increased 180.3 million dollars or 70.6 percent to 435.5 million dollars compared to the three months ended May 2, 2020, driven by strong customer response to product assortment and the unprecedented level of stimulus payments from the recent government pandemic relief...

Business

The Children’s Place appoints Tracey Griffin as new board director

The Children’s Place, Inc., on October 5, 2020, appointed Tracey R. Griffin to its board of directors and as a member of the audit committee. The company said in a statement, Griffin will hold office until the annual meeting of stockholders of the company to be held in 2021. Griffin is an independent director and qualifies as an “audit committee...

Featured

Fashion

The Children’s Place swings to Q2 loss, sales down 12.3 percent

The Children’s Place, Inc., for its second quarter reported net sales decrease of 12.3 percent to 368.9 million dollars, primarily as a result of the impact of temporary store closures, along with a decrease in back to school sales beginning in mid-July, partially offset by increased digital sales. The company said in a statement that net loss...

Business

The Children's Place initiates several measures to maintain financial stability

The Children’s Place has suspended all store operations in the United States and Canada beginning March 18, 2020. The company said in a statement that store sales were planned to represent approximately 65 percent of Q1 fiscal 2020 revenue with a significant portion of sales planned for the months of March and April, while its digital sales...

Video

10 Companies that didn't make it through the decade

From 2010 to 2019, the retail apocalypse and changing tastes killed off many iconic companies. We lost fashion companies like Payless, Charming Charlie and Sports Authority, as well as some, like Victoria's Secret and Barneys New York, that are hanging by a thread. Will 2020 be kind to the surviving retailers? Source: Video by Business Insider,...

Business

The Children’s Place to relaunch Gymboree brand next year

Children’s apparel retailer The Children’s Place, Inc.has announced plans to relaunch Gymboree brand in early 2020 on an enhanced website, Gymboree.com, and in shop-in-shop locations in over 200 select Children’s Place stores in the US and Canada. Commenting on the development, Jane Elfers, the company’s President and Chief Executive Officer...