The Children’s Place
The Children’s Place recently revealed a strategy for closing down 300 companies which were inefficient by 2020. Forbes states that 191 of its outlets were closed before 2018 and there are still more than 100 shops to close. The Children’s Place also spends a great deal of money to enhance its web visibility and increase its revenues.
The Children’s Place
Performance Bicycle
To cyclists, this is bad news since the country’s largest bicycle distributor closed for good. All 104 shops were shut down, with the last shut on 2 March. Last fall, Advanced Sports Enterprises ‘parent company lodged a bankruptcy proposal. Next, it expected that, by renegotiation of its contracts, it would save at least 50% of the bike store locations. Yet eventually, it had to fold and close the company down.
Performance Bicycle
