The Children’s Place
The Children’s Place was known as a clothing store for kids, and it operated for 50 years. However, hundreds of stores had been closed down. Two hundred stores were out of business last year, while 100 would close this year. According to CEO Jane Elfer, “the rapidly changing shopping patterns of our consumer, partly due to the COVID-19 pandemic.” They were no exception to other stores that were affected by the pandemic.
The Children’s Place
Bed Bath & Beyond
In the past, Bed Bath & Beyond was a well-known brand. It was known for selling bath mats, bedsheets, potholders, and there were 300,000 various items in their store. Before the pandemic, 40 stores were closed down. Not long after, 20 more shops were out of business. Their sales were affected by the pandemic in July, leading them to close 200 stores in the next two years.
Bed Bath & Beyond
