The Children's Place reported a second-quarter net loss of $(31.0) million, or $(1.39) per diluted share, as net sales fell 18.9% to $241.8 million from $298.0 million a year earlier. Comparable retail sales in the company's owned and operated direct-to-consumer business dropped 16.7% for the quarter, which ended August 1, 2026, and gross margin rose 40 basis points to 34.4% only because of $39 million in tariff refunds recognized during the quarter; excluding those refunds, gross margin fell 1,550 basis points. The company opened 19 new stores in the quarter, its most in any quarter since 2013, and closed 2, ending with 514 stores, while inventories fell 23.2% to $340.2 million. President and Interim Chief Executive Officer Muhammad Asif Seemab said the company is evaluating its operating model to improve liquidity, and it hired Alexandra Derner as Chief Growth Officer to lead international expansion including a planned entry into Mexico. For the six months ended August 1, 2026, net sales fell 15.4% to $457.0 million and net loss widened to $(84.1) million, or $(3.79) per diluted share, from $(39.4) million a year earlier.
Children’s Place IncQ2 net loss of $31.0M and 18.9% sales decline, with gross margin falling 1,550 bps excluding tariff refunds
Salesforce.com Inc