The Children’s Place Files for Bankruptcy – What Shoppers Need to Know

By Denise | Staff Writer

Nov 09, 2026 @ 10:05 AM MST

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store display at The Children's Place with tons of folded graphic tees for kids

Heads up, shoppers of The Children’s Place! Sadly, the retailer filed for Chapter 11 bankruptcy on November 8th, following the closure of 250 stores back in 2024.

The retailer is hoping to find a buyer, with bids due by December 9th and the sale process expected to wrap up by the end of December.

The good news? The Children’s Place and Gymboree stores and websites remain open for now! While some additional store closures are expected, specific locations haven’t been announced yet, so online orders and deliveries are expected to continue as usual.

What about gift cards, rewards points, and returns?

Gift Cards: The Children’s Place and Gymboree gift cards are expected to remain valid for a limited time, subject to court approval. No redemption deadline has been announced, but we recommend using them sooner rather than later!
My Place Rewards: Rewards points may still be redeemed for a limited time, subject to court approval, but the program will eventually be discontinued.
Returns & Exchanges: All purchases made after November 6, 2026, are FINAL SALE. Eligible purchases made October 23rd through November 6th may still qualify for returns or exchanges, subject to court approval.

Shop The Children’s Place Inventory Blowout Sale!

In the meantime, you can score up to 60% off during The Children’s Place Total Inventory Blowout Sale! It’s a great opportunity to stock up on kids clothing at discounted prices, but remember that all new purchases are final sale!

Are you sad to hear about The Children’s Place filing for bankruptcy? Do you still shop there? Let us know in the comments

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About the writer:

Denise has been blogging since 2018 and following Hip2Save since 2008. With a Bachelors degree in Business from Purdue University and 15 years of banking experience, she always has savings on her mind. When she's not browsing the clearance racks of Target, you can find her watching documentaries or cheering on her son at his soccer games with her family.