US children's clothing retailer Children's Place has filed for bankruptcy protection, CNBC reports. The company plans to sell assets worth $742 million with debt of $881 million, and expects to close the deal by the end of December. In the second fiscal quarter of 2026, the chain's net sales fell by almost 19% compared to the same period last year, following a decrease in consumer spending.

US children's clothing retailer Children's Place has filed for bankruptcy protection, CNBC reports. The company plans to sell assets worth $742 million with debt of $881 million, and expects to close the deal by the end of December. In the second fiscal quarter of 2026, the chain's net sales fell by almost 19% compared to the same period last year, following a decrease in consumer spending.