Children's Place Launches Closing Sales Nationwide
Discounts of 30% to 60% are offered at all United States and Canada stores while bankruptcy proceedings continue in New Jersey.
Updated on Nov. 13, 2026 in Retail
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The Children's Place has begun going-out-of-business sales at all its United States and Canada stores. The sales follow approval by the U.S. Bankruptcy Court for the District of New Jersey and are run by a joint venture of Great American Holdings LLC, Tiger Group, SB360 Capital Partners, Gordon Brothers and Hilco Global.
Why it matters
The closures and markdowns reflect the bankruptcy process now underway, and shoppers in areas with Children's Place stores will see the closing sales firsthand. Gift card holders have a limited window to redeem their balances before the program ends.
Closing sales offer discounts of 30% to 60% off children's apparel and footwear, accessories and holiday merchandise, with all sales final and gift cards redeemable through December 12. The total count of closing locations and the final shutdown timeline were not disclosed in the source.
The players
The Children's Place
The Children's Place is a North American children's apparel retailer whose store network is now being wound down through the current closing sales.
Great American Holdings LLC
Great American Holdings LLC is one of the investment firms in the joint venture conducting the going-out-of-business sales.
Gordon Brothers
Gordon Brothers is a global advisory and asset-liquidation firm that participates in the joint venture running the closing sales.
Hilco Global
Hilco Global is an intellectual property and retail liquidation firm that is part of the joint venture managing the closing sales.
The details
The going-out-of-business sales are underway at all United States and Canada stores, with locations in Northeast Ohio including the Summit Mall store in Fairlawn, Aurora, Beachwood and Strongsville. Stores remain open during standard business hours while supplies last, and all sales are final.
Timeline
2019: The Children's Place acquired the rights to the Gymboree brand.
2020: Gymboree product launched in stores and online.
November 13, 2026: Going-out-of-business sales began at all locations.
December 12, 2026: Last day to redeem Children's Place gift cards.
Market Landscape
The Children's Place closures follow the 2025 Joann liquidation, in which GA Group and Joann's term lenders bought the chain at auction in February 2025 and wound down its assets. The wave of asset sales and store shutdowns continues to reshape the specialty retail sector.
Shoppers can find children's apparel, footwear and accessories at 30% to 60% off, but all sales are final. Anyone holding a Children's Place gift card needs to redeem it by December 12 to avoid losing its value.
The takeaway
Shoppers hunting for deals should act before the sales end, and gift card holders should redeem balances well ahead of the December 12 deadline.
What happens next
The going-out-of-business sales will continue until stock runs out, and gift cards can be redeemed through December 12, 2026.
Further reading
For more on how other chains are handling store closures, see the Retail section.
Source note: This article includes information reported by Record-Courier.
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