News

Children’s Place Considers New Financing Options

1 Mins read

Shares of Children’s Place, a leading children’s specialty retailer, experienced a sharp decline on Friday as the company announced its exploration of strategic alternatives for new financing. The stock plummeted 41% to $11.73, wiping out previous gains and hitting the lowest intraday level in over two decades. Over the past year, shares have lost a staggering 72% of their value.

In a statement released early on Friday, Children’s Place disclosed its collaboration with advisors, lenders, and potential lenders in its quest to secure fresh capital. In the event that obtaining additional funding becomes unviable, the company stated that it is actively considering various strategic alternatives.

As of February 3rd, the retailer estimated its total liquidity to be $45 million and projected its total debt on that date to amount to $277 million.

Preliminary results for the fourth quarter indicate that Children’s Place is likely to report an adjusted operating loss. This outcome can be attributed to aggressive discounting during the holiday season, a higher-than-anticipated number of split shipments to meet the demands of e-commerce, and an increase in inventory valuation.

Additionally, Children’s Place has revised its sales guidance for the period, now expecting sales to range between $454 million and $456 million. This adjustment is lower than the previously forecasted sales of $460 million to $465 million.

Related posts
News

Essaadi: Foreign Exchange Volatility to Persist in 2025

3 Mins read
The Managing Director/CEO of Nigerian Breweries Plc, Mr. Hans Essaadi, yesterday hinted that foreign exchange volatility is expected to continue in 2025,…
News

N. Korean tech workers faked IDs for overseas defense jobs

1 Mins read
N. Korean tech workers faked IDs for overseas defense jobs. April. 03, 2025 07:50. by 남혜정기자 [email protected]. North Korean cyberattacks involving the…
News

School curriculum resources to teach children about risks of in-game purchases

3 Mins read
The Oak National Academy – an arm’s length body to help schools deliver curriculum content – has launched a package of teaching…

Leave a Reply

Your email address will not be published. Required fields are marked *

59 − = 54