National children's retailer, with 3 New Mexico locations, closing one-third of stores

The Children’s Place Inc. plans to reduce its store footprint by one-third by the end of fiscal year 2021 as part of an ongoing effort to shift its core business online..

“We are significantly accelerating our fleet optimization initiative and focusing our resources on accelerating our digital sales, both key elements of our long-standing transformation strategy,” said Jane Elfers, president and chief executive officer of the children’s apparel chain, in a statement. “At the same time,…

Source: The Business Journal