732 N.J. jobs at risk as The Children’s Place files for bankruptcy

The Children’s Place, a nearly 60‑year‑old retailer based in Secaucus, New Jersey, has filed for bankruptcy, putting 732 local jobs at risk. The company is seeking a buyer to keep the business operating and is considering selling its assets and brands, including Children’s Place and Gymboree. The bankruptcy follows two years of Saudi investment that failed to produce a turnaround.