The Children’s Place
Recently, The Children’s Place announced a plan of action that they intend to close down 300 of their stores by 2020, mainly those who have had poor performances. Forbes declared that before the end of 2018 191 of its stores would close and there are still another 100 outlets to shut down as well. The Children’s Place plan to continue investing money into the website to increase revenue from there.
Performance Bicycle
To all you cyclist extraordinaire, we, unfortunately, have bad news for you. As the country’s largest bicycle distributor shuts its doors for good. All 104 shops were shut down, with the last closure taking place on 2 March. Advanced Sports Enterprises ‘parent company file for bankruptcy during fall last year. In the beginning, renegotiation of its contracts was expected to save at least 50% of the bike store locations. But sadly, this did not happen and the company was forced to close.