TGT - Target Captures Market Share The Children's Place Sputters
In April, I made a prediction. I suggested the benefactor of Gymboree's bankruptcy would be Target (TGT) rather than The Children's Place (PLCE).
The Children's Place won the bankruptcy auction for the Gymboree and Crazy 8 brands in March 2019. And, it will be relaunching the Gymboree brand in the spring of 2020.
But, Target made a big bet on kids and families beginning in 2016 when it began refreshing its private label brands.Source
That bet is paying off.
Before the Bankruptcy
In fiscal 2018, revenue for The Children's Place,