The Children's Place files for bankruptcy. Will Tennessee stores close?
The Children's Place files for bankruptcy. Will Tennessee stores close?
Jordan Green, Memphis Commercial AppealWed, November 11, 2026 at 4:11 PM UTC
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Kids' clothing retailer The Children’s Place filed for Chapter 11 bankruptcy, and some Tennessee locations could be at risk of closure.
The Children's Place filed a bankruptcy petition along with 13 affiliated debtors in a New Jersey bankruptcy court on Nov. 8, according to court documents the company sent to USA TODAY. The retailer plans to sell all its assets and said in a news release that it aims to keep the business open.
The company has two digital storefronts, 495 retail stores in North America and sells its items through wholesale marketplaces such as Amazon. International franchise and wholesale partners also sell the company's products in 13 countries.
In the court filings, The Children's Place said it owes more than 10,000 creditors. Bankruptcy court documents show it owes nearly $94 million to 30 of its largest creditors. The company has over $500 million in assets and more than $500 million in liabilities.
The Children’s Place is asking the court to approve the sale, and interested buyers should submit bids by Dec. 9. The Children’s Place said it has already begun speaking to potential buyers.
Will The Children's Place close any stores?
In a statement to USA TODAY on Nov. 10, the company said all its stores and e-commerce websites are open, but certain locations must close at some point. The Children's Place added that it is evaluating its store portfolio and called the process a difficult decision.
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What is The Children's Place?
The Children’s Place was founded in 1969 and is headquartered in Secaucus, New Jersey, about seven miles north of Jersey City. The company said in court documents that it buys clothing from third-party manufacturers and sells it at “value prices” for families with babies, toddlers and children.
Rudy Morando, co-chief restructuring officer of The Children’s Place, said in the news release that the company is trying to “secure the best path forward for The Children’s Place.”
“For nearly 60 years, The Children’s Place has supported growing families with apparel that customers have come to know and love,” Morando said. “We recognize the significance of this development for our employees, customers, vendors, and other partners, and we are committed to conducting an efficient and transparent sale process.”
How many The Children's Place stores are there in Tennessee?
According to the store's website, there are eight locations within Tennessee. They are:
Cool Springs Galleria in Franklin
Governors Square in Clarksville
Hamilton Place in Chattanooga
Old Hickory Mall in Jackson
Opry Mills Mall in Nashville
The Avenue Murfreesboro in Murfreesboro
West Town Mall in Knoxville
Wolfchase Galleria in Memphis
Jordan Green covers trending news for The Commercial Appeal and Tennessee. She can be reached at jordan.green@commercialappeal.com.
This article originally appeared on Memphis Commercial Appeal: The Children's Place files for bankruptcy. Will Tennessee stores close?
Source: “AOL Money”
