Parents seeking affordable shoes for their kids have a limited time to get them at 50 percent off at The Children’s Place. The children’s retailer is liquidating all stock, and the shoes are final sale. Boots at $49.95 are now $24.98, while toddler girls glitter-bow ballet flats can be had at $14.98 from $29.95. Some options are online only, but most are available at the banner’s retail stores. The inventory liquidation sales are conducted through a joint venture comprised of GA Group, Tiger Group and SB360 Capital. The liquidation is due to the retailer’s Chapter 11 filing Sunday night in a bankruptcy court in New Jersey. The retail chain, which also owns the twice-bankrupt Gymboree nameplate that was acquired in March 2019, is selling its assets to a buyer that would allow it to continue to operate as a going concern. Bids from interested buyers are due Dec. 9, with a bankruptcy-court-supervised sale process expected to be completed by the end of December 2026. “Today’s announcement marks an important step in our efforts to secure the best path forward for The Children’s Place,” said Rudy Morando, co-chief restructuring officer of The Children’s Place. “For nearly 60 years, The Children’s Place has supported growing
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