1. Children's Place once a staple in kids' fashion, now on the brink of extinction The Children's Place, once a staple in kids fashion, is now on the brink of extinction. The retailer has filed for Chapter 11 bankruptcy protection, and plans to close hundreds of stores. The company has been struggling in recent years, as competition from online retailers has taken a toll. 2. How the Children's Place went from trendy to tattered The Children's Place is a retailer that specializes in children's clothing. The company was founded in 1969 and was originally known as The Children's Place at Cherry Hill. The company went public in 1997 and changed its name to The Children's Place Retail Stores, Inc. in 2004. The company operated 1,106 stores in the United States and Canada as of August 3, 2019. On October 2, 2019, the company filed for Chapter 11 bankruptcy. The company has been struggling in recent years, as its once-popular clothing styles have fallen out of ...