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Oct. 15, 2019, 9:22 a.m. EDT

Children's Place relaunching Gymboree in stores and online in early 2020

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By Tonya Garcia

Children's Place Inc. /zigman2/quotes/201350452/composite PLCE +7.06% said Tuesday that it will relaunch the Gymboree brand in North America in early 2020. The relaunch will include a Gymboree website, app and shop-in-shop locations in more than 200 The Children's Place stores. There will also be an enhanced Gymboree loyalty program. Gymboree filed for bankruptcy in January and sold its Jack and Janie line to Gap Inc. /zigman2/quotes/206554267/composite GPS +8.77% . Children's Place won the Gymboree intellectual property in March with a $76 million bid. Children's Place stock has slumped more than 45% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.23% is up 7.8% for the period.

/zigman2/quotes/201350452/composite
US : U.S.: Nasdaq
$ 41.54
+2.74 +7.06%
Volume: 641,779
May 26, 2020 4:00p
P/E Ratio
8.75
Dividend Yield
0.00%
Market Cap
$564.33 million
Rev. per Employee
$103,641
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/zigman2/quotes/206554267/composite
US : U.S.: NYSE
$ 8.93
+0.72 +8.77%
Volume: 13.71M
May 26, 2020 4:00p
P/E Ratio
9.73
Dividend Yield
0.00%
Market Cap
$3.06 billion
Rev. per Employee
$122,815
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/zigman2/quotes/210599714/realtime
US : S&P US
2,991.77
+36.32 +1.23%
Volume: 3.33B
May 26, 2020 4:20p
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