Popular kids store The Children's Place, once a mall staple, files for bankruptcy

Retail Popular kids store The Children's Place, once a mall staple, files for bankruptcy As the bankruptcy continues, customers can expect some stores to shutter. Published November 10, 2026 • Updated on November 10, 2026 at 12:40 pm The Children's Place, a 60-year-old children's clothing retailer once found in malls across the country, has filed for bankruptcy, with some stores expected to close. The company, which also owns Gymboree, announced Sunday that it had filed for Chapter 11. As part of the process, the company says it's pursuing a sale of the brand "with the goal of continuing to serve families under new ownership." Stream NBC 5 for free, 24/7, wherever you are. WATCH HERE As of Wednesday stores and websites for The Children's Place and Gymboree remained open, the company said, with sales and "deep discounts." As the bankruptcy continues, customers can expect some stores to shutter. Photo by Scott Olson/Getty Images Photo by Scott Olson/Getty Images "Unfortunately, we have determined that certain store closures will be necessary during this process," a news release from The Children's Place said. "As such, we are conducting an ongoing evaluation of our operational footprint and will communicate confirmed decisions as they are made." Orders and deliveries are expected to continue without interruption, the release said. Gift cards and rewards can be used for a limited time, subject to court approval. Any purchases made after Nov. 6 are final sale. According to the company's website, The Children's Place has a number of locations across suburban Chicago shopping malls, including Orland Square Mall, Fashion Outlets of Chicago in Rosemont, Yorktown Shopping Center in Lombard and Woodfield Mall in Schaumburg. Downers Grove Nov 4 One of Chicago's most beloved spots for burgers, hot dogs opens in southwest suburb Gurnee Sep 19 Toys'R'Us to open new store, ‘Creator Studio' in suburban malls as part of expansion Gurnee Aug 25 7 new stores opening at popular north suburban mall, including Toys ‘R' Us, Sky Zone and IKEA This article tagged under: Retail