Children's Place, Inc. Stock News

Children's Place has seen significant corporate developments, including disappointing 3Q24 results, improved November-December sales, and a rights offering pricing. Despite sales declines, the company has improved gross margins, making it attractively priced; I maintain a Buy rating on PLCE. The rights offering could significantly alter PLCE's capital structure, reducing debt but with uncertain...

SECAUCUS, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), an omni-channel children's specialty portfolio of brands, today announced preliminary partial fourth quarter net sales results for the six-week period starting on November 3, 2024 and ending December 14, 2024.

The Children's Place has shifted to a value price brand, sacrificing low-margin revenue to improve profitability, despite a significant sales decline. Q3 sales dropped 18.8% due to reduced online promotions, but gross margins expanded by 180 basis points, showing improved operational efficiency. Adjusted net income was $2.04 per share, down 30% from last year, but the company is on a promising ...

Troubled retailer is moving away from unprofitable sales and offers of free shipping.

Iconic Brand Makes a Celebrated Return to Brick-and-Mortar, Embracing a New Era Iconic Brand Makes a Celebrated Return to Brick-and-Mortar, Embracing a New Era

The Children's Place, Inc. has struggled immensely from a weak consumer, the company's weak profitability, and high debt, leading to very rapid store closures and a shifting focus to ecommerce. The Children's Place Q2 report showed signs of a turnaround, and improvements critically needed to carry onto the soon-to-be-reported Q3 report. In a base financial scenario, I estimate a turnaround to n...

SECAUCUS, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE) an omni-channel children's specialty portfolio of brands today announced that Philip Ende has been appointed GVP, Head of Real Estate, effective November 11, 2024.

Shares of Children's Place Inc (PLCE, Financial) surged 2.90% in mid-day trading on Oct 2. The stock reached an intraday high of $14.85, before settling at $14.55, up from its previous close of $14.14.