The Children’s Place
The Children’s Place
The Children’s Place had announced that it had a plan to close down 300 stores by the end of the year. Forbes has said that the children’s retailer has previously closed down 191 stores by the end of last year. However, it still plans on closing another 100 underperforming locations. The company also intends to boost its presence online in hopes of increasing profits.
Performance Bicycle
Performance Bicycle
We have bad news for all you cyclists out there. Performance Bicycle is going to be a thing of the past soon. The nation’s biggest retailer, along with its 104 locations, will be closing down. Last fall, Advanced Sports Enterprises, its parent company, filed for Chapter 11 bankruptcy. While the corporation hoped to keep at least half of the locations open with new leases, it decided it would be better to shut down the entire brand instead.