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The Children's Place's (PLCE) Q2 results are likely to reflect the impacts of elevated costs and soft consumer demand. Its efforts to get back on track bode well.
Children's Place CEO bought stock for the first time since 2019. The company also laid off 17% of its corporate workforce at the end of June.
Children's Place (PLCE) benefits from its store fleet optimization strategy and digital initiatives. However, a soft demand environment for its products is concerning.
In a bold display of faith in her company's future, Jane Elfers, CEO of The Children's Place (PLCE), recently invested more than $1 million in the retailer's shares.
The Children's Place (PLCE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
A top executive at the company made a more than $1 million purchase of shares. She now holds a stake worth almost $10 million.
Second quarter layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.
The Children's Place (PLCE) reported earnings 30 days ago. What's next for the stock?
The Children's Place's (PLCE) first-quarter fiscal 2023 results reflect a year-over-year decline in both the top line and bottom line due to a tough macroeconomic environment.
The Children's Place's sales and earnings fell short of the market's expectations. The retailer also slashed its sales and earnings targets for the year.