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BusinessMember

The Children’s Place FY24 losses narrow, yet sales fall amid 'macroeconomic headwinds'

US kidswear retailer The Children’s Place reported widening profits and narrowing losses for FY24, ended February 1, 2025, despite net sales falling 13.5 percent to 216.2 million dollars. Over the period, gross profits increased to 459.5 million dollars compared to 445.3 million dollars in the year prior, while its gross margin rate increased to...

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ReportFeaturedMember

The Children’s Place reports ‘significant improvement’ in gross profit margin to 35% in Q3

The Children’s Place, Inc., an omnichannel children’s specialty portfolio of brands, reported a decrease of 18.8 percent in net sales to 390.2 million dollars for its third quarter, compared to 480.2 million dollars for the three months that ended October 28, 2023. For the three months ending November 2, 2024, net income was 20.1 million...

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