The Children’s Place files for Chapter 11 bankruptcy, plans sale as stores remain open
NEW JERSEY — The Children’s Place, a national children’s clothing retailer with a location at Rockaway Townsquare Mall, has filed for Chapter 11 bankruptcy protection as it seeks to sell substantially all of its assets through a court-supervised process.
The company voluntarily filed for Chapter 11 protection Nov. 8, 2026, in the U.S. Bankruptcy Court for the District of New Jersey, announcing plans to pursue a competitive sale process aimed at finding a buyer and continuing operations.
The retailer said all of its stores, including its location at Rockaway Townsquare Mall, and e-commerce websites remain open and continue serving customers.
Under the proposed sale process, The Children’s Place is seeking bids for substantially all of its assets under Section 363 of the U.S. Bankruptcy Code. The company has requested that interested parties submit bids by Dec. 9, 2026, and expects to complete the sale process by the end of December.
The company said the process is intended to secure the highest or otherwise best offer for its assets, with the goal of allowing the business to continue operating under new ownership.
However, The Children’s Place acknowledged that it must also prepare for the possibility that a sale allowing the business to continue cannot be achieved.
As part of those preparations, the company has entered into an agreement with GA Group to assist with ongoing sales at its stores. The agreement provides an alternative path if the retailer is unable to secure a better outcome through the court-supervised process.
The company emphasized that winding down operations is not its preferred outcome.
Although all locations remain open, The Children’s Place said some store closures will be necessary during the Chapter 11 proceedings as it evaluates its retail footprint and focuses resources on its strongest-performing locations.
The company has not identified which stores will close, and the evaluation remains ongoing. It said confirmed decisions will be communicated as they are made.
The Children’s Place is also working with its lenders to secure debtor-in-possession financing, which would provide funding to support operations during the bankruptcy and sale process, subject to court approval.
In addition, the retailer has filed motions seeking permission to continue paying employee wages and benefits, maintain certain customer programs and pay vendors for goods and services provided after the bankruptcy filing.
The company is also seeking recognition of its Chapter 11 proceedings in Canada to include its Canadian assets and operations in the proposed sale.
Customers and other interested parties may receive notices from Omni Agent Solutions, the company’s bankruptcy claims agent, as the proceedings move forward. The company said these notices are a routine part of the bankruptcy process and generally do not require recipients to take action.
Individuals with questions about the bankruptcy proceedings, court notices or filing claims can visit omniagentsolutions.com/TCP.
The claims agent can also be reached at 866-205-3149 in the United States and Canada, 818-510-4678 internationally, or by email at TCPInquiries@OmniAgnt.com.
The Children’s Place operates a store at the Rockaway Townsquare Mall in Rockaway.
For now, the company said its stores and online shopping platforms will continue operating as it works toward completing the sale process by the end of the year.
