138 to lose jobs soon at Children’s Place; retailer ends lease early to exit Secaucus HQ by 2024

The Children’s Place plans to lay off 138 at its Secaucus headquarters on July 14, according to a WARN notice filed with the New Jersey Department of Labor & Workforce Development.

The children’s wear chain also plans to end its lease at its corporate site in May next year instead of 2029 as it looks to go digital-first.

Additionally, the owner of Baby Place, Gymboree, Sugar & Jade and PJ Place said up to 100 more doors will close this year after steadily thinning its store base over the past several quarters in preparation of its switch to digital.

Most recently, the children’s specialty apparel retailer announced the expansion of its revolving credit facility from $350 million to $445 million, with PNC Bank committing an additional $95 million to strengthen its financial position while also supporting its seasonal working capital needs and investments in the company’s future growth.