The Children’s Place
Previously, The Children’s Place announced its plan to shut down 300 stores that weren’t performing well by 2020. Forbes reports that this children’s goods retailer had already closed 191 of its stores before 2018 ended and it still has over 100 stores to close. The Children’s Place is also investing a lot of money on boosting its presence online to increase its profits.
The Children’s Place
Performance Bicycle
This is bad news for cyclists because the country’s biggest bike retailer has closed for good. All of its 104 stores have been shuttered, with the last one closed on March 2. Last fall, its parent company Advanced Sports Enterprises filed for bankruptcy. At first, it was hoping to save at least 50 percent of the bicycle retailer’s locations by renegotiating their leases. However, it ultimately had to fold and shut down the brand altogether.
Performance Bicycle
