The Children's Place, Inc. (PLCE) 10-Q11 Sep 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Aug. 03, 2024	Sep. 05, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 03, 2024
Document Transition Report	false
Entity File Number	0-23071
Entity Registrant Name	THE CHILDREN’S PLACE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-1241495
Entity Address, Address Line One	500 Plaza Drive
Entity Address, City or Town	Secaucus
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07094
City Area Code	201
Local Phone Number	558-2400
Title of 12(b) Security	Common Stock, $0.10 par value
Trading Symbol	PLCE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,718,280
Entity Central Index Key	0001041859
Current Fiscal Year End Date	--02-01
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Current assets:
Cash and cash equivalents	$ 9,573	$ 13,639	$ 18,846
Accounts receivable	61,926	33,219	33,073
Inventories	520,593	362,099	536,980
Prepaid expenses and other current assets	35,251	43,169	65,108
Total current assets	627,343	452,126	654,007
Long-term assets:
Property and equipment, net	111,296	124,750	141,244
Right-of-use assets	163,539	175,351	112,325
Tradenames, net	13,000	41,123	70,491
Deferred income taxes	0	0	35,798
Other assets	6,236	6,958	9,220
Total assets	921,414	800,308	1,023,085
Current liabilities:
Revolving loan	316,655	226,715	347,546
Accounts payable	215,793	225,549	262,369
Current portion of operating lease liabilities	67,610	69,235	65,266
Income taxes payable	3,384	5,297	2,938
Accrued expenses and other current liabilities	95,074	89,608	122,032
Total current liabilities	698,516	616,404	800,151
Long-term liabilities:
Long-term portion of operating lease liabilities	110,596	118,073	63,714
Income taxes payable	0	9,486	9,610
Other tax liabilities	5,073	4,664	2,905
Other long-term liabilities	10,747	10,882	10,990
Total liabilities	990,286	809,327	937,155
Commitments and contingencies (see Note 8)
Stockholders’ (deficit) equity:
Preferred stock, $1.00 par value, 1,000 shares authorized, 0 shares issued and outstanding	0	0	0
Common stock, $0.10 par value, 100,000 shares authorized; 12,779, 12,585, and 12,544 issued; 12,718, 12,529, and 12,473 outstanding	1,278	1,259	1,254
Additional paid-in capital	151,859	141,083	145,117
Treasury stock, at cost (61, 56, and 71 shares)	(2,975)	(2,909)	(3,884)
Deferred compensation	2,975	2,909	3,884
Accumulated other comprehensive loss	(17,235)	(16,496)	(15,964)
Accumulated deficit	(204,774)	(134,865)	(44,477)
Total stockholders’ (deficit) equity	(68,872)	(9,019)	85,930
Total liabilities and stockholders’ (deficit) equity	921,414	800,308	1,023,085
Nonrelated Party
Long-term liabilities:
Long-term debt	0	49,818	49,785
Related party
Long-term liabilities:
Long-term debt	$ 165,354	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 1	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0	0
Preferred stock, shares outstanding (in shares)	0	0	0
Common stock, par value (in usd per share)	$ 0.10	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	12,779,000	12,585,000	12,544,000
Common stock, shares outstanding (in shares)	12,718,000	12,529,000	12,473,000
Treasury stock (in shares)	61,000	56,000	71,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Income Statement [Abstract]
Net sales	$ 319,655	$ 345,599	$ 587,533	$ 667,239
Cost of sales	207,861	257,840	382,998	483,019
Gross profit	111,794	87,759	204,535	184,220
Selling, general, and administrative expenses	96,065	111,965	205,159	224,895
Depreciation and amortization	9,505	11,953	21,140	23,801
Asset impairment charges	28,000	782	28,000	2,532
Operating loss	(21,776)	(36,941)	(49,764)	(67,008)
Interest income	14	17	25	51
Loss before provision (benefit) for income taxes	(31,007)	(44,582)	(66,716)	(80,551)
Provision (benefit) for income taxes	1,107	(9,227)	3,193	(16,363)
Net loss	$ (32,114)	$ (35,355)	$ (69,909)	$ (64,188)
Loss per common share
Basic (in usd per share)	$ (2.51)	$ (2.82)	$ (5.50)	$ (5.16)
Diluted (in usd per share)	$ (2.51)	$ (2.82)	$ (5.50)	$ (5.16)
Weighted average common shares outstanding
Basic (in shares)	12,772	12,522	12,707	12,448
Diluted (in shares)	12,772	12,522	12,707	12,448
Related party
Income Statement [Abstract]
Interest expense	$ (2,087)	$ 0	$ (2,476)	$ 0
Nonrelated Party
Income Statement [Abstract]
Interest expense	$ (7,158)	$ (7,658)	$ (14,501)	$ (13,594)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net loss	$ (32,114)	$ (35,355)	$ (69,909)	$ (64,188)
Other comprehensive loss:
Foreign currency translation adjustment	(413)	1,101	(739)	283
Total comprehensive loss	$ (32,527)	$ (34,254)	$ (70,648)	$ (63,905)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ (DEFICIT) EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Deferred Compensation	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Jan. 28, 2023		12,292
Beginning balance at Jan. 28, 2023	$ 158,478	$ 1,229	$ 150,956	$ 3,736	$ 22,540	$ (16,247)	$ (3,736)
Beginning balance, treasury stock (in shares) at Jan. 28, 2023							(67)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock awards (in shares)		455
Vesting of stock awards	0	$ 46	(46)
Stock-based compensation expense (benefit)	(1,679)		(1,679)
Purchase and retirement of common stock (in shares)		(203)
Purchase and retirement of common stock	(6,964)	$ (21)	(4,114)		(2,829)
Other comprehensive income (loss)	283					283
Deferral of common stock into deferred compensation plan	0			148			$ (148)
Deferral of common stock into deferred compensation plan (in shares)							(4)
Net loss	$ (64,188)				(64,188)
Ending balance (in shares) at Jul. 29, 2023	12,473	12,544
Ending balance at Jul. 29, 2023	$ 85,930	$ 1,254	145,117	3,884	(44,477)	(15,964)	$ (3,884)
Ending balance, treasury stock (in shares) at Jul. 29, 2023	(71)						(71)
Beginning balance (in shares) at Apr. 29, 2023		12,473
Beginning balance at Apr. 29, 2023	$ 125,821	$ 1,247	150,846	3,810	(9,207)	(17,065)	$ (3,810)
Beginning balance, treasury stock (in shares) at Apr. 29, 2023							(68)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock awards (in shares)		119
Vesting of stock awards	0	$ 12	(12)
Stock-based compensation expense (benefit)	(4,762)		(4,762)
Purchase and retirement of common stock (in shares)		(48)
Purchase and retirement of common stock	(875)	$ (5)	(955)		85
Other comprehensive income (loss)	1,101					1,101
Deferral of common stock into deferred compensation plan	0			74			$ (74)
Deferral of common stock into deferred compensation plan (in shares)							(3)
Net loss	$ (35,355)				(35,355)
Ending balance (in shares) at Jul. 29, 2023	12,473	12,544
Ending balance at Jul. 29, 2023	$ 85,930	$ 1,254	145,117	3,884	(44,477)	(15,964)	$ (3,884)
Ending balance, treasury stock (in shares) at Jul. 29, 2023	(71)						(71)
Beginning balance (in shares) at Feb. 03, 2024	12,529	12,585
Beginning balance at Feb. 03, 2024	$ (9,019)	$ 1,259	141,083	2,909	(134,865)	(16,496)	$ (2,909)
Beginning balance, treasury stock (in shares) at Feb. 03, 2024	(56)						(56)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock awards (in shares)		265
Vesting of stock awards	$ 0	$ 26	(26)
Stock-based compensation expense (benefit)	11,361		11,361
Purchase and retirement of common stock (in shares)		(71)
Purchase and retirement of common stock	(566)	$ (7)	(559)
Other comprehensive income (loss)	(739)					(739)
Deferral of common stock into deferred compensation plan	0			66			$ (66)
Deferral of common stock into deferred compensation plan (in shares)							(5)
Net loss	$ (69,909)				(69,909)
Ending balance (in shares) at Aug. 03, 2024	12,718	12,779
Ending balance at Aug. 03, 2024	$ (68,872)	$ 1,278	151,859	2,975	(204,774)	(17,235)	$ (2,975)
Ending balance, treasury stock (in shares) at Aug. 03, 2024	(61)						(61)
Beginning balance (in shares) at May. 04, 2024		12,739
Beginning balance at May. 04, 2024	$ (34,850)	$ 1,274	153,358	2,957	(172,660)	(16,822)	$ (2,957)
Beginning balance, treasury stock (in shares) at May. 04, 2024							(60)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock awards (in shares)		61
Vesting of stock awards	0	$ 6	(6)
Stock-based compensation expense (benefit)	(1,248)		(1,248)
Purchase and retirement of common stock (in shares)		(21)
Purchase and retirement of common stock	(247)	$ (2)	(245)
Other comprehensive income (loss)	(413)					(413)
Deferral of common stock into deferred compensation plan	0			18			$ (18)
Deferral of common stock into deferred compensation plan (in shares)							(1)
Net loss	$ (32,114)				(32,114)
Ending balance (in shares) at Aug. 03, 2024	12,718	12,779
Ending balance at Aug. 03, 2024	$ (68,872)	$ 1,278	$ 151,859	$ 2,975	$ (204,774)	$ (17,235)	$ (2,975)
Ending balance, treasury stock (in shares) at Aug. 03, 2024	(61)						(61)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (69,909)	$ (64,188)
Reconciliation of net loss to net cash used in operating activities:
Non-cash portion of operating lease expense	39,184	37,757
Depreciation and amortization	21,140	23,801
Non-cash stock-based compensation expense (benefit), net	11,361	(1,679)
Asset impairment charges	28,000	2,532
Deferred income tax provision	0	828
Other non-cash charges, net	1,072	331
Changes in operating assets and liabilities:
Inventories	(159,211)	(88,959)
Accounts receivable and other assets	(27,831)	19,215
Prepaid expenses and other current assets	(5,050)	(798)
Income taxes payable, net of prepayments	4,016	(23,334)
Accounts payable and other current liabilities	(861)	105,912
Lease liabilities	(36,461)	(41,886)
Other long-term liabilities	(137)	(2,237)
Net cash used in operating activities	(194,687)	(32,705)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(12,478)	(18,152)
Change in deferred compensation plan	0	(109)
Net cash used in investing activities	(12,478)	(18,261)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facility	618,891	317,144
Repayments under revolving credit facility	(528,951)	(256,588)
Purchase and retirement of common stock, including shares surrendered for tax withholdings and transaction costs	(566)	(6,964)
Proceeds from issuance of related party term loans	168,600	0
Repayment of term loan	(50,000)	0
Payment of debt issuance costs	(4,322)	(623)
Net cash provided by financing activities	203,652	52,969
Effect of exchange rate changes on cash and cash equivalents	(553)	154
Net (decrease) increase in cash and cash equivalents	(4,066)	2,157
Cash and cash equivalents, beginning of period	13,639	16,689
Cash and cash equivalents, end of period	9,573	18,846
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Net cash (received) paid for income taxes	(527)	5,944
Cash paid for interest	13,184	12,563
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Purchases of property and equipment not yet paid	$ 2,144	$ 7,344

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Aug. 03, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Description of Business The Children’s Place, Inc. and its subsidiaries (collectively, the “Company”) operate an omni-channel children’s specialty portfolio of brands. Its global retail and wholesale network includes two digital storefronts, more than 500 stores in North America, wholesale marketplaces and distribution in 15 countries through five international franchise partners. The Company designs, contracts to manufacture, and sells fashionable, high-quality apparel, accessories and footwear predominantly at value prices, primarily under the Company’s proprietary brands: “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and “PJ Place”. The Company classifies its business into two segments: The Children’s Place U.S. and The Children’s Place International. Included in The Children’s Place U.S. segment are the Company’s U.S. and Puerto Rico-based stores and revenue from its U.S.-based wholesale business. Included in The Children’s Place International segment are its Canadian-based stores, revenue from the Company’s Canadian-based wholesale business, as well as revenue from international franchisees. Each segment includes an e-commerce business located at www.childrensplace.com and www.gymboree.com. The Company also has social media channels on Instagram, Facebook, X, formerly known as Twitter, YouTube and Pinterest. Terms that are commonly used in the notes to the Company’s consolidated financial statements are defined as follows: • Second Quarter 2024 — The thirteen weeks ended August 3, 2024 • Second Quarter 2023 — The thirteen weeks ended July 29, 2023 • First Quarter 2024 — The thirteen weeks ended May 4, 2024 • Year-To-Date 2024 — The twenty-six weeks ended August 3, 2024 • Year-To-Date 2023 — The twenty-six weeks ended July 29, 2023 • Fiscal 2024 — The fifty-two weeks ending February 1, 2025 • Fiscal 2023 — The fifty-three weeks ended February 3, 2024 • Fiscal 2022 — The fifty-two weeks ended January 28, 2023 • SEC — U.S. Securities and Exchange Commission • U.S. GAAP — Generally Accepted Accounting Principles in the United States • FASB — Financial Accounting Standards Board • FASB ASC — FASB Accounting Standards Codification, which serves as the source for authoritative U.S. GAAP, except that rules and interpretive releases by the SEC are also sources of authoritative U.S. GAAP for SEC registrants Basis of Presentation The unaudited consolidated financial statements and accompanying notes to consolidated financial statements are prepared in accordance with U.S. GAAP for interim financial information and the rules and regulations of the SEC. Accordingly, certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated. As of August 3, 2024, February 3, 2024 and July 29, 2023, the Company did not have any investments in unconsolidated affiliates. FASB ASC 810— Consolidation is considered when determining whether an entity is subject to consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal recurring adjustments necessary for a fair statement of the consolidated financial position of the Company as of August 3, 2024 and July 29, 2023, the results of its consolidated operations, consolidated comprehensive loss, and consolidated changes in stockholders’ (deficit) equity for the thirteen weeks and twenty-six weeks ended August 3, 2024 and July 29, 2023, and consolidated cash flows for the twenty-six weeks ended August 3, 2024 and July 29, 2023. The consolidated balance sheet as of February 3, 2024 was derived from audited financial statements. Due to the seasonal nature of the Company’s business, the results of operations for the thirteen weeks and twenty-six weeks ended August 3, 2024 and July 29, 2023 are not necessarily indicative of operating results for a full fiscal year. These consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2024. Certain prior period financial statement disclosures have been conformed to the current period presentation. Liquidity The Company incurred net losses in the Second Quarter 2024, Fiscal 2023 and Fiscal 2022. As of August 3, 2024, the Company had an Accumulated deficit of $204.8 million and a working capital deficit of $71.2 million, which included borrowings of $316.7 million under its asset-based revolving credit facility (the “ABL Credit Facility”), which will mature in November 2026, pursuant to its credit agreement, dated as of May 9, 2019, (as amended from time to time, the “Credit Agreement”), by and among the Company, certain of its subsidiaries and the lenders party thereto. As of August 3, 2024, the Company had availability under its ABL Credit Facility of $67.3 million. The Company also has access to a senior unsecured credit facility of up to $40.0 million (the “Mithaq Credit Facility”), pursuant to a commitment letter, dated as of May 2, 2024, entered into between the Company and its majority shareholder, Mithaq Capital SPC, a Cayman segregated portfolio company (“Mithaq”). The Mithaq Credit Facility will be available to draw on at any time prior to July 1, 2026 to augment the Company’s liquidity position, if needed. The Company plans to address its ongoing liquidity needs with additional financing as necessary, including but not limited to a future rights offering that the Company is currently contemplating. The Company has determined that its existing cash on hand, expected cash generated from operations, and availability under its ABL Credit Facility and the Mithaq Credit Facility, will be sufficient to fund its capital and other cash requirements for at least the next twelve months from the date that the Company’s consolidated financial statements for the Second Quarter 2024 were issued. For more information about the ABL Credit Facility and the Mithaq Credit Facility, see “Note 7. Debt” of the consolidated financial statements. Fiscal Year The Company’s fiscal year is a fifty-two week or fifty-three week period ending on the Saturday on or nearest to January 31. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and amounts of revenues and expenses reported during the period. Actual results could differ from the assumptions used and estimates made by management, which could have a material impact on the Company’s financial position or results of operations. Critical accounting estimates inherent in the preparation of the consolidated financial statements include impairment of long-lived assets, impairment of indefinite-lived intangible assets, income taxes, stock-based compensation, and inventory valuation. Recent Accounting Standards Updates In November 2023, the FASB issued Accounting Standards Update No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” (“ASU 2023-07”). The amendments in ASU 2023-07 are designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses during interim and annuals periods. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements. In December 2023, the FASB issued Accounting Standards Update No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” (“ASU 2023-09”). The amendments in ASU 2023-09 are designed to enhance the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation, and income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements.

REVENUES

REVENUES	6 Months Ended
REVENUES	Aug. 03, 2024
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Revenues are recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following table presents the Company’s revenues disaggregated by geography: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Net sales: South $ 125,639 $ 127,708 $ 228,895 $ 247,626 Northeast 50,453 59,935 104,680 124,468 West 38,837 46,750 72,753 89,352 Midwest 27,953 34,093 60,491 72,902 International and other (1) 76,773 77,113 120,714 132,891 Total net sales $ 319,655 $ 345,599 $ 587,533 $ 667,239 ____________________________________________ (1) Includes retail and e-commerce sales in Canada and Puerto Rico, wholesale and franchisee sales, and certain amounts earned under the Company’s private label credit card program. The Company recognizes revenue, including shipping and handling fees billed to customers, upon purchase at the Company’s retail stores or when received by the customer if the product was purchased via e-commerce, net of coupon redemptions and anticipated sales returns. The Company deferred sales of $12.6 million, $3.1 million, and $11.7 million within Accrued expenses and other current liabilities as of August 3, 2024, February 3, 2024, and July 29, 2023, respectively, based upon estimated time of delivery, at which point control passes to the customer. Sales tax collected from customers is excluded from revenue. For its wholesale business, the Company recognizes revenue, including shipping and handling fees billed to customers, when title of the goods passes to the customer, net of commissions, discounts, operational chargebacks, and cooperative advertising. The allowance for wholesale revenue included within Accounts receivable was $8.0 million, $9.0 million, and $7.4 million as of August 3, 2024, February 3, 2024, and July 29, 2023, respectively. For the sale of goods to retail customers with a right of return, the Company recognizes revenue for the consideration it expects to be entitled to and calculates an allowance for estimated sales returns based upon the Company’s sales return experience. Adjustments to the allowance for estimated sales returns in subsequent periods have not been material based on historical data, thereby reducing the uncertainty inherent in such estimates. The allowance for estimated sales returns, which is recorded in Accrued expenses and other current liabilities, was $2.1 million, $1.7 million, and $2.5 million as of August 3, 2024, February 3, 2024, and July 29, 2023, respectively. The Company’s private label credit card is issued to customers for use exclusively at The Children’s Place stores and online at www.childrensplace.com and www.gymboree.com , and credit is extended to such customers by a third-party financial institution on a non-recourse basis to the Company. The private label credit card includes multiple performance obligations for the Company, including marketing and promoting the program on behalf of the bank and the operation of the loyalty rewards program. Included in the agreement with the third-party financial institution was an upfront bonus paid to the Company and an additional bonus to extend the term of the agreement. These bonuses are recognized as revenue and allocated between brand and reward obligations. As the license of the Company’s brand is the predominant item in the performance obligation, the amount allocated to the brand obligation is recognized on a straight-line basis over the term of the agreement. The amount allocated to the reward obligation is recognized on a point-in-time basis as redemptions under the loyalty program occur. In measuring revenue and determining the consideration the Company is entitled to as part of a contract with a customer, the Company takes into account the related elements of variable consideration, such as additional bonuses, including profit-sharing, over the life of the private label credit card program. Similar to the upfront bonus, the usage-based royalties and bonuses are recognized as revenue and allocated between the brand and reward obligations. The amount allocated to the brand obligation is recognized on a straight-line basis over the initial term. The amount allocated to the reward obligation is recognized on a point-in-time basis as redemptions under the loyalty program occur. In addition, the annual profit-sharing amount is recognized quarterly within an annual period when it can be estimated reliably. The additional bonuses are amortized over the contract term based on anticipated progress against future targets and level of risk associated with achieving the targets. The Company has a points-based customer loyalty program in which customers earn points based on purchases and other promotional activities. These points can be redeemed for coupons to discount future purchases. A contract liability is estimated based on the standalone selling price of benefits earned by customers through the program and the related redemption experience under the program. The value of each point earned is recorded as deferred revenue and is included within Accrued expenses and other current liabilities. The total contract liabilities related to this program were $3.6 million, $1.7 million, and $5.6 million as of August 3, 2024, February 3, 2024, and July 29, 2023, respectively. The Company’s policy with respect to gift cards is to record revenue as and when the gift cards are redeemed for merchandise. The Company recognizes gift card breakage income in proportion to the pattern of rights exercised by the customer when the Company expects to be entitled to breakage and the Company determines that it does not have a legal obligation to remit the value of the unredeemed gift card to the relevant jurisdiction as unclaimed or abandoned property. Gift card breakage is recorded within Net sales. Prior to their redemption, gift cards are recorded as a liability within Accrued expenses and other current liabilities. The liability is estimated based on expected breakage that considers historical patterns of redemption. The gift card liability balance as of August 3, 2024, February 3, 2024, and July 29, 2023 was $6.4 million, $6.8 million, and $10.2 million, respectively. During Year-To-Date 2024, the Company recognized Net sales of $2.7 million related to the gift card liability balance that existed at February 3, 2024. The Company has an international program of territorial agreements with franchisees. The Company generates revenues from the franchisees from the sale of product and, in certain cases, sales royalties. The Company recognizes revenue on the sale of product to franchisees when the franchisee takes ownership of the product. The Company records net sales for royalties when the applicable franchisee sells the product to its customers. Under certain agreements, the Company receives a fee from each franchisee for exclusive territorial rights and based on the opening of new stores. The Company records these territorial fees as deferred revenue and amortizes the fee into Net sales over the life of the territorial agreement.

RESTRUCTURING

RESTRUCTURING	6 Months Ended
RESTRUCTURING	Aug. 03, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING As a result of the strategic actions associated with the voluntary early termination and subsequent renewal of the Company’s corporate office lease, the move of its distribution center operations from Toronto, Canada (“TODC”) to Alabama in the United States, and workforce reductions, the Company incurred $0.2 million and $2.5 million in restructuring costs during the Second Quarter 2024 and Year-To-Date 2024, respectively, on a pretax basis, summarized in the following table: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Employee-related costs $ — $ 5,433 $ — $ 5,433 Lease termination costs (1) 241 4,947 701 4,947 TODC costs (2) — — 1,848 — Professional fees — 186 — 186 Total restructuring costs (3) $ 241 $ 10,566 $ 2,549 $ 10,566 _______________________________________ (1) Includes non-cash charges related to accelerated depreciation on certain assets in the corporate office over the reduced term, amounting to $0.2 million and $0.7 million for the Second Quarter 2024 and Year-To-Date 2024, respectively. (2) Includes non-cash charges related to accelerated depreciation on TODC assets, amounting to $1.1 million during Year-To-Date 2024. (3) Restructuring costs are recorded within Selling, general and administrative expenses, except accelerated depreciation charges noted above, which are recorded within Depreciation and amortization. TODC costs are recorded within The Children’s Place International segment. The remaining restructuring costs are primarily recorded within The Children’s Place U.S. segment. The following table summarizes the restructuring costs that have been partially settled with cash payments and the remaining related liability as of August 3, 2024. The remaining related liability is expected to be settled with cash payments during the remainder of Fiscal 2024 and these costs are included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets: Employee-Related Costs TODC Costs Total (in thousands) Balance at February 3, 2024 $ 1,666 $ — $ 1,666 Provision — 751 751 Cash Payments (1,114) (247) (1,361) Balance at May 4, 2024 552 504 1,056 Cash Payments (304) (185) (489) Balance at August 3, 2024 $ 248 $ 319 $ 567 Employee-Related Costs Lease Termination Costs Professional Fees Total (in thousands) Balance at April 29, 2023 $ — $ — $ — $ — Provision 5,433 4,040 186 9,659 Cash Payments (2,602) (4,040) — (6,642) Balance at July 29, 2023 2,831 — 186 3,017 Provision 674 — 82 756 Cash Payments (2,652) — (268) (2,920) Balance at October 28, 2023 853 — — 853 Provision 1,275 — — 1,275 Cash Payments (462) — — (462) Balance at February 3, 2024 $ 1,666 $ — $ — $ 1,666

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
INTANGIBLE ASSETS	Aug. 03, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS On April 4, 2019, the Company acquired certain intellectual property and related assets of Gymboree Group, Inc. and related entities, which included the worldwide rights to the names “Gymboree” and “Crazy 8” and other intellectual property, including trademarks, domain names, copyrights, and customer databases. These intangible assets, inclusive of acquisition costs, are recorded in the long-term assets section of the Consolidated Balance Sheets. The Company recorded an impairment charge The Company’s intangible assets were as follows: August 3, 2024 Useful Life Gross Amount Accumulated Amortization Net Amount (in thousands) Gymboree tradename Indefinite $ 13,000 $ — $ 13,000 Total intangible assets $ 13,000 $ — $ 13,000 February 3, 2024 Useful Life Gross Amount Accumulated Amortization Net Amount (in thousands) Gymboree tradename Indefinite $ 41,000 $ — $ 41,000 Crazy 8 tradename 5 years 4,000 (3,877) 123 Total intangible assets $ 45,000 $ (3,877) $ 41,123 July 29, 2023 Useful Life Gross Amount Accumulated Amortization Net Amount (in thousands) Gymboree tradename Indefinite $ 69,953 $ — $ 69,953 Crazy 8 tradename 5 years 4,000 (3,462) 538 Total intangible assets $ 73,953 $ (3,462) $ 70,491

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
PROPERTY AND EQUIPMENT, NET	Aug. 03, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following: August 3, February 3, July 29, (in thousands) Property and equipment: Land and land improvements $ 3,403 $ 3,403 $ 3,403 Building and improvements 36,309 36,187 36,187 Material handling equipment 89,427 90,637 89,389 Leasehold improvements 164,054 162,898 178,536 Store fixtures and equipment 164,795 173,667 200,201 Capitalized software 335,762 333,953 347,343 Construction in progress 5,992 3,386 7,134 799,742 804,131 862,193 Less: accumulated depreciation and amortization (688,446) (679,381) (720,949) Property and equipment, net $ 111,296 $ 124,750 $ 141,244 At August 3, 2024 and July 29, 2023, the Company reviewed its store related long-lived assets for indicators of impairment, and performed a recoverability test if indicators were identified. Based on the results of the analyses performed, the Company did not record asset impairment charges in the Second Quarter 2024 and Year-To-Date 2024. The Company recorded asset impairment charges in the Second Quarter 2023 and Year-To-Date 2023 of $0.8 million and $2.5 million, respectively, inclusive of right of use (“ROU”) assets.

LEASES

LEASES	6 Months Ended
LEASES	Aug. 03, 2024
Leases [Abstract]
LEASES	LEASES The Company has operating leases for retail stores, corporate offices, distribution facilities, and certain equipment. The Company’s leases have remaining lease terms ranging from less than one year up to thirteen years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the lease early. The Company records all occupancy costs in Cost of sales, except costs for administrative office buildings, which are recorded in Selling, general, and administrative expenses. As of the periods presented, the Company’s finance leases were not material to the Consolidated Balance Sheets, Consolidated Statements of Operations, or Consolidated Statements of Cash Flows. The following components of operating lease expense were recognized in the Company’s Consolidated Statements of Operations: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Fixed operating lease cost $ 23,139 $ 21,481 $ 45,641 $ 42,387 Variable operating lease cost (1) 6,098 14,388 13,944 29,085 Total operating lease cost $ 29,237 $ 35,869 $ 59,585 $ 71,472 ____________________________________________ (1) Includes short term leases with lease periods of less than 12 months. As of August 3, 2024, the weighted-average remaining operating lease term was 4.3 years, and the weighted-average discount rate for operating leases was 7.8%. Cash paid for amounts included in the measurement of operating lease liabilities during Year-To-Date 2024 was $39.8 million. ROU assets obtained in exchange for new operating lease liabilities were $34.8 million during Year-To-Date 2024. As of August 3, 2024, the maturities of operating lease liabilities were as follows: August 3, (in thousands) Remainder of 2024 $ 45,889 2025 64,141 2026 35,225 2027 16,619 2028 13,831 Thereafter 40,589 Total operating lease payments 216,294 Less: imputed interest (38,088) Present value of operating lease liabilities $ 178,206

DEBT

DEBT	6 Months Ended
DEBT	Aug. 03, 2024
Debt Disclosure [Abstract]
DEBT	DEBT ABL Credit Facility and 2021 Term Loan The Company and certain of its subsidiaries maintain the $433.0 million ABL Credit Facility and, before it was fully repaid, maintained a $50.0 million term loan (the “2021 Term Loan”) under its Credit Agreement with Wells Fargo Bank, National Association (“Wells Fargo”), Truist Bank, Bank of America, N.A., HSBC Business Credit (USA) Inc., JPMorgan Chase Bank, N.A., and PNC Bank, National Association, as the lenders party thereto (collectively, the “Credit Agreement Lenders”) and Wells Fargo, as Administrative Agent, Collateral Agent, Swing Line Lender and, before the 2021 Term Loan was fully repaid, Term Agent. The ABL Credit Facility will mature and, before it was fully repaid, the 2021 Term Loan would have matured, in November 2026. As of April 18, 2024, which is the effective date of the seventh amendment to the Credit Agreement (the “Seventh Amendment”), the ABL Credit Facility includes a $25.0 million Canadian sublimit and a $25.0 million sublimit for standby and documentary letters of credit. Under the ABL Credit Facility, borrowings outstanding bear interest, at the Company’s option, at: (i) the prime rate per annum, plus a margin of 2.000%; or (ii) the Secured Overnight Financing Rate (“SOFR”) per annum, plus 0.100%, plus a margin of 3.000%. Prior to April 18, 2024, the Company was charged a fee of 0.200% on the unused portion of the commitments. As of April 18, 2024, based on the size of the unused portion of the commitments, the Company is charged a fee ranging from 0.250% to 0.375%. Letter of credit fees are at 1.125% for commercial letters of credit and 1.750% for standby letters of credit. The amount available for loans and letters of credit under the ABL Credit Facility is determined by a borrowing base consisting of certain credit card receivables, certain trade receivables, certain inventory, and the fair market value of certain real estate, subject to certain reserves and an availability block. From and after February 4, 2025 and on the first day of each fiscal quarter thereafter, based on the amount of the Company’s average daily excess availability under the facility, borrowings outstanding under the ABL Credit Facility will bear interest, at the Company’s option, at: (i) the prime rate per annum, plus a margin of 1.750% or 2.000%; or (ii) the SOFR per annum, plus 0.100%, plus a margin of 2.750% or 3.000%. Letter of credit fees will range from 1.000% to 1.125% for commercial letters of credit and will range from 1.500% to 1.750% for standby letters of credit. Letter of credit fees will be determined based on the amount of the Company’s average daily excess availability under the facility. For the Second Quarter 2024 and Year-To-Date 2024, the Company recognized $6.3 million and $12.0 million, respectively, in interest expense related to the ABL Credit Facility. For the Second Quarter 2023 and Year-To-Date 2023, the Company recognized $6.1 million and $10.8 million, respectively, in interest expense related to the ABL Credit Facility. Prior to April 18, 2024, when the 2021 Term Loan was fully repaid, credit extended under the ABL Credit Facility was secured by a first priority security interest in substantially all of the Company’s U.S. and Canadian assets other than intellectual property, certain furniture, fixtures, equipment, and pledges of subsidiary capital stock, and a second priority security interest in the Company’s intellectual property, certain furniture, fixtures, equipment, and pledges of subsidiary capital stock. As of April 18, 2024, the ABL Credit Facility is secured on a first priority basis by all of the foregoing collateral. The outstanding obligations under the ABL Credit Facility may be accelerated upon the occurrence of certain customary events of default, as described below. The Company is not subject to any early termination fees. The ABL Credit Facility contains covenants, which include conditions on stock buybacks and the payment of cash dividends or similar payments. These covenants also limit the ability of the Company and its subsidiaries to incur certain liens, to incur certain indebtedness, to make certain investments, acquisitions, or dispositions or to change the nature of its business. Pursuant to the Seventh Amendment, the requisite payment condition thresholds for some of these covenants have been heightened, resulting in certain actions such as the repurchase of shares and payment of cash dividends becoming more difficult to perform. Additionally, if the Company is unable to maintain a certain amount of excess availability for borrowings (the “excess availability threshold”), the Company may be subject to cash dominion. The ABL Credit Facility contains customary events of default, which include (subject in certain cases to customary grace and cure periods) nonpayment of principal or interest, breach of covenants, failure to pay certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization, such as a change of control. In October 2023, the Company became aware of inadvertent calculation errors contained in the June, July and August 2023 borrowing base certificates provided to the Credit Agreement Lenders, all of which have since been remedied. As the Credit Agreement Lenders determined that the calculation errors resulted in certain technical defaults under the Credit Agreement (including the Company not being in compliance with certain debt covenants), the Company and the Credit Agreement Lenders entered into a Waiver and Amendment Agreement (the “Waiver Agreement”) on October 24, 2023, pursuant to which the Credit Agreement Lenders waived all of the defaults and the Company agreed to certain temporary enhanced reporting requirements and temporary restrictions on certain payments. These enhanced reporting requirements and restrictions will cease once the Company achieves certain excess availability thresholds. At no time prior to or following entering into the Waiver Agreement was the Company prevented from borrowing under the Credit Agreement in the ordinary course in accordance with its terms. During the First Quarter 2024, Mithaq became the controlling shareholder of the Company and this change of control triggered an event of default under the Credit Agreement, thus subjecting the Company to cash dominion by the Credit Agreement Lenders. Subsequently, the Credit Agreement Lenders agreed to forbear from enforcing certain other rights and remedies during a limited forbearance period. On April 16, 2024, the Company and certain of its subsidiaries entered into the Seventh Amendment with the Credit Agreement Lenders that, among other things, provided a permanent waiver of the change of control event of default. As of April 18, 2024, the ABL Credit Facility was reduced from $445.0 million to $433.0 million, and until the Company achieved certain excess availability thresholds, the Seventh Amendment preserved the temporary enhanced reporting requirements under the Waiver Agreement and continued to impose cash dominion. As of August 29, 2024, the Company is no longer under cash dominion and it has reverted to the standard reporting requirements under the Credit Agreement. The table below presents the components of the Company’s ABL Credit Facility: August 3, February 3, July 29, (in millions) Total borrowing base availability (1) $ 396.2 $ 258.4 $ 422.3 Credit facility availability (2) 433.0 400.5 400.5 Maximum borrowing availability (3) 396.2 258.4 400.5 Outstanding borrowings 316.7 226.7 347.5 Letters of credit outstanding—standby 12.2 7.4 7.4 Utilization of credit facility at end of period 328.9 234.1 354.9 Availability (4) $ 67.3 $ 24.3 $ 45.6 Interest rate at end of period 8.6% 8.1% 8.1% Year-To-Date 2024 Fiscal 2023 Year-To-Date 2023 (in millions) Average end of day loan balance during the period $ 252.7 $ 315.5 $ 315.2 Highest end of day loan balance during the period $ 328.0 $ 379.4 $ 379.4 Average interest rate 9.3% 7.5% 6.3% ____________________________________________ (1) In the Second Quarter 2024, given that the Company was under cash dominion, the excess availability threshold was not applicable to the total borrowing base availability. As of August 29, 2024, the Company is no longer under cash dominion. In Fiscal 2023, the total borrowing base availability was calculated net of the excess availability threshold, as prior to the Seventh Amendment, crossing that threshold would have resulted in cash dominion, which would have triggered a fixed charge coverage ratio covenant test and would likely have led to a default under the Credit Agreement. As of the Seventh Amendment, the fixed charge coverage ratio covenant has been removed from the Credit Agreement. (2) In the Second Quarter 2024, given that the Company was under cash dominion, the excess availability threshold was not applicable to the determination of the credit facility availability. As of August 29, 2024, the Company is no longer under cash dominion. In Fiscal 2023, the credit facility availability was calculated net of the excess availability threshold, as prior to the Seventh Amendment, crossing that threshold would have resulted in cash dominion, which would have triggered a fixed charge coverage ratio covenant test and would likely have led to a default under the Credit Agreement. As of the Seventh Amendment, the fixed charge coverage ratio covenant has been removed from the Credit Agreement. (3) The lower of the credit facility availability and the total borrowing base availability. (4) The sub-limit availability for letters of credit was $12.8 million at August 3, 2024, and $42.6 million at February 3, 2024 and July 29, 2023. The 2021 Term Loan bore interest, payable monthly, at (a) the SOFR per annum plus 2.750% for any portion that was a SOFR loan, or (b) the base rate per annum plus 2.000% for any portion that was a base rate loan. The 2021 Term Loan was pre-payable at any time without penalty, and did not require amortization. The Company recognized $1.1 million in interest expense related to the 2021 Term Loan during Year-To-Date 2024. For the Second Quarter 2023 and Year-To-Date 2023, the Company recognized $1.0 million and $1.9 million, respectively, in interest expense related to the 2021 Term Loan. As of April 18, 2024, the 2021 Term Loan was fully repaid. As of August 3, 2024, unamortized deferred financing costs amounted to $2.4 million related to the Company’s ABL Credit Facility. Mithaq Term Loans The Company and certain of its subsidiaries maintain an interest-free, unsecured and subordinated promissory note with Mithaq for a $78.6 million term loan (the “Initial Mithaq Term Loan”), consisting of (a) a first tranche in an aggregate principal amount of $30.0 million (the “First Tranche”) and (b) a second tranche in an aggregate principal amount of $48.6 million (the “Second Tranche”). The Company received the First Tranche on February 29, 2024 and the Second Tranche on March 8, 2024. The Initial Mithaq Term Loan matures on February 15, 2027. The Initial Mithaq Term Loan is guaranteed by each of the Company’s subsidiaries that guarantee the Company’s ABL Credit Facility. The Company and certain of its subsidiaries also maintain an unsecured and subordinated $90.0 million term loan with Mithaq (the “New Mithaq Term Loan”; and together with the Initial Mithaq Term Loan, collectively, the “Mithaq Term Loans”). The New Mithaq Term Loan matures on April 16, 2027, and requires monthly payments equivalent to interest charged at the SOFR plus 4.000% per annum, with such monthly payments to Mithaq deferred until April 30, 2025. The New Mithaq Term Loan is guaranteed by each of the Company’s subsidiaries that guarantee the Company’s ABL Credit Facility. For the Second Quarter 2024 and Year-To-Date 2024, the Company recognized $2.1 million and $2.5 million, respectively, in deferred interest-equivalent expense related to the New Mithaq Term Loan. The Mithaq Term Loans are subject to an amended and restated subordination agreement (as amended from time to time, the “Subordination Agreement”), dated as of April 16, 2024, by and among the Company and certain of its subsidiaries, Wells Fargo and Mithaq, pursuant to which the Mithaq Term Loans are subordinated in payment priority to the obligations of the Company and its subsidiaries under the Credit Agreement. Subject to such subordination terms, the Mithaq Term Loans are prepayable at any time and from time to time without penalty and do not require any mandatory prepayments. The Mithaq Term Loans contain customary affirmative and negative covenants substantially similar to a subset of the covenants set forth in the Credit Agreement, including limits on the ability of the Company and its subsidiaries to incur certain liens, to incur certain indebtedness, to make certain investments, acquisitions, dispositions or restricted payments, or to change the nature of its business. The Mithaq Term Loans, however, do not provide for any closing, prepayment or exit fees, or other fees typical for transactions of this nature, do not impose additional reserves on borrowings under the Credit Agreement, and do not contain certain other restrictive covenants. The Mithaq Term Loans contain certain customary events of default, which include (subject in certain cases to customary grace periods), nonpayment of principal, breach of other covenants of the Mithaq Term Loans, inaccuracy in representations or warranties, acceleration of certain other indebtedness (including under the Credit Agreement), certain events of bankruptcy, insolvency or reorganization, such as a change of control, and invalidity of any part of the Mithaq Term Loans. As of August 3, 2024 unamortized deferred financing costs amounted to $3.2 million related to the Mithaq Term Loans. Maturities of the Company’s principal debt payments as of August 3, 2024 are as follows: August 3, 2024 (in thousands) Remainder of 2024 $ — 2025 — 2026 — 2027 168,600 Thereafter — Total related party debt $ 168,600 Mithaq Commitment Letter On May 2, 2024, the Company entered into a commitment letter (“the Commitment Letter”) with Mithaq for a $40.0 million Mithaq Credit Facility. Under the Mithaq Credit Facility, the Company had the ability to request for advances at any time prior to July 1, 2025. On September 10, 2024, the Company and Mithaq entered into an Amendment No. 1 to the Commitment Letter, that extended the deadline for requesting advances until July 1, 2026. If any debt is incurred under the Mithaq Credit Facility, it shall require monthly payments equivalent to interest charged at the SOFR plus 5.000% per annum. Such debt shall be unsecured and shall be guaranteed by each of the Company’s subsidiaries that guarantee the Company’s ABL Credit Facility. Similar to the Mithaq Term Loans, such debt shall also be subject to the Subordination Agreement, contain customary affirmative and negative covenants substantially similar to a subset of the covenants set forth in the Credit Agreement, and contain certain customary events of default. Additionally, such debt shall require no mandatory prepayments and shall mature no earlier than July 1, 2026 . As of August 3, 2024, no debt had been incurred under the Mithaq Credit Facility.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Aug. 03, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is a defendant in Rael v. The Children’s Place, Inc. , a purported class action, pending in the U.S. District Court, Southern District of California. In the initial complaint filed in February 2016, the plaintiff alleged that the Company falsely advertised discount prices in violation of California’s Unfair Competition Law, False Advertising Law, and Consumer Legal Remedies Act. The plaintiff filed an amended complaint in April 2016, adding allegations of violations of other state consumer protection laws. In August 2016, the plaintiff filed a second amended complaint, adding an additional plaintiff and removing the other state law claims. The plaintiffs’ second amended complaint sought to represent a class of California purchasers and sought, among other items, injunctive relief, damages, and attorneys’ fees and costs. The Company engaged in mediation proceedings with the plaintiffs in December 2016 and April 2017. The parties reached an agreement in principle in April 2017, and signed a definitive settlement agreement in November 2017, to settle the matter on a class basis with all individuals in the U.S. who made a qualifying purchase at The Children’s Place from February 11, 2012 through January 28, 2020, the date of preliminary approval by the court of the settlement. The Company submitted its memorandum in support of final approval of the class settlement on March 2, 2021. On March 29, 2021, the court granted final approval of the class settlement and denied plaintiff’s motion for attorney’s fees, with the amount of attorney’s fees to be decided after the class recovery amount has been determined. The settlement provides merchandise vouchers for qualified class members who submit valid claims, as well as payment of legal fees and expenses and claims administration expenses. Vouchers were distributed to class members on November 15, 2021 and they were eligible for redemption in multiple rounds through November 2023. On February 23, 2024, a hearing on motion for preliminary injunction and permanent injunction and to enforce judgement and settlement agreement was held. Pending receipt of the court’s ruling, upon the court’s order, the plaintiff filed a renewed motion for attorneys’ fees, costs and incentive awards on March 4, 2024, to which the Company filed a statement of non-opposition on April 1, 2024. Because the plaintiff was seeking less than the maximum amount agreed to in the settlement, the Company requested that such difference in amount be distributed as vouchers to authorized class members, pursuant to the settlement agreement. The hearing for the motion for attorneys’ fees, costs, and incentive awards resulted in the court granting the plaintiff’s counsel approximately $0.3 million in fees, costs and incentive awards. The balance of funds initially reserved for the plaintiff counsel’s fees and costs will now be issued as a single, final round of merchandise vouchers for qualified class members. In connection with the settlement, the Company recorded a reserve for $5.0 million in its consolidated financial statements in the first quarter of 2017. Following the court’s recent decision(s), the Company released $2.3 million from its previously established reserve during the First Quarter 2024. Similar to the Rael case above, the Company is also a defendant in Gabriela Gonzalez v. The Children’s Place, Inc. , a purported class action, pending in the U.S. District Court, Central District of California. The plaintiff alleged that the Company had falsely advertised discounts that do not exist, in violation of California’s Unfair Competition Laws, False Advertising Law and the California Consumer Legal Remedies Act. The Company filed a motion to compel arbitration, which the plaintiff did not oppose, and the court granted the motion on August 17, 2022—staying the case pending the outcome of the arbitration. The demand for arbitration was filed on October 4, 2022, in connection with the individual claim of the plaintiff. A mass arbitration firm associated with plaintiff’s counsel then conducted an advertising campaign for claimants to conduct a mass arbitration. In part, to avoid the mass arbitration, the parties stipulated to return the original plaintiff’s claim to court to proceed as a class action. Accordingly, the arbitration would not be proceeding and the Company’s response to the original plaintiff’s complaint in court was filed on July 20, 2023. On August 16, 2023, however, the Company began to receive notices regarding an initial tranche of approximately 1,300 individual demands that were filed with Judicial Arbitration and Mediation Services, Inc. (“JAMS”) as part of a related mass arbitration claim. The parties participated in mediation proceedings on November 15, 2023 and February 9, 2024. The parties agreed to further discuss settlement options in May 2024, which occurred without resolution. In late May, due to the judge’s retirement, the Gonzalez action was transferred and reassigned to a different judge. Deadlines were therefore reset, including the Company’s motion to dismiss. On June 10, 2024, JAMS advised that it would be pausing its administration of the claims until the parties resolve their dispute over which set of arbitration terms apply to the case. As of February 2024, the Company is also a defendant in Randeep Singh Khalsa v. The Children’s Place, Inc. et al. , a purported class action, pending in the United States District Court of New Jersey. The complaint purports to assert claims under the federal securities laws, alleging that between March 16, 2023, and February 8, 2024, the Company made materially false and/or misleading statements, and failed to disclose material adverse facts to its investors, which the complaint alleges led to a drop in the price of the Company’s common stock. The Company intends to defend this case vigorously and it is currently too early to assess the possible outcome of this case. The Company is also involved in various legal proceedings arising in the normal course of business. In the opinion of management, any ultimate liability arising out of these proceedings is not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

STOCKHOLDERS_ (DEFICIT) EQUITY

STOCKHOLDERS’ (DEFICIT) EQUITY	6 Months Ended
STOCKHOLDERS’ (DEFICIT) EQUITY	Aug. 03, 2024
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ (DEFICIT) EQUITY	STOCKHOLDERS’ (DEFICIT) EQUITY Share Repurchase Program In November 2021, the Company’s Board of Directors authorized a $250.0 million share repurchase program (the “Share Repurchase Program”). Under this program, the Company may repurchase shares on the open market at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors, including price, corporate and regulatory requirements, and other market and business conditions. The Company may suspend or discontinue the program at any time and may thereafter reinstitute purchases, all without prior announcement. Currently, given the terms of the Company’s Credit Agreement as amended by its Seventh Amendment described above, the Company is not expecting to repurchase any shares in Fiscal 2024, except as described below, pursuant to our practice as a result of our insider trading policy. As of August 3, 2024, there was $156.7 million remaining availability under the Share Repurchase Program. Pursuant to the Company’s practice, including due to restrictions imposed by the Company’s insider trading policy during black-out periods, the Company withholds and repurchases shares of vesting stock awards and makes payments to taxing authorities as required by law to satisfy the withholding tax requirements of all equity award recipients. The Company’s payment of the withholding taxes in exchange for the surrendered shares constitutes a repurchase of its common stock. The Company also acquires shares of its common stock in conjunction with liabilities owed under the Company’s deferred compensation plan, which are held in treasury. The following table summarizes the Company’s share repurchases: Twenty-six Weeks Ended August 3, 2024 July 29, 2023 Shares Amount Shares Amount (in thousands) Share repurchases related to: Share repurchase program 65 $ 566 203 $ 6,964 Shares acquired and held in treasury 5 $ 66 4 $ 148 In accordance with the FASB ASC 505— Equity , the par value of the shares retired is charged against Common stock and the remaining purchase price is allocated between Additional paid-in capital and Accumulated deficit. The portion charged against Additional paid-in capital is determined using a pro-rata allocation based on total shares outstanding. Dividends Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Company’s Board of Directors based on a number of factors, including business and market conditions, the Company’s financial performance, and other investment priorities. Currently, given the terms of the Credit Agreement as amended by the Seventh Amendment as described above, the Company is not expecting to pay any cash dividends in Fiscal 2024.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
STOCK-BASED COMPENSATION	Aug. 03, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company generally grants time-vesting stock awards (“Deferred Awards”) and performance-based stock awards (“Performance Awards”) to employees at management levels. The Company also grants Deferred Awards to its non-employee directors. The following table summarizes the Company’s stock-based compensation expense (benefit): Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Deferred Awards $ (589) $ 1,690 $ 1,829 $ 4,190 Performance Awards (659) (6,452) 9,532 (5,869) Total stock-based compensation expense (benefit) (1) $ (1,248) $ (4,762) $ 11,361 $ (1,679) ___________________________________________ (1) Stock-based compensation expense (benefit) recorded within Cost of sales amounted to $0.1 million and $(0.5) million in the Second Quarter 2024 and Second Quarter 2023, respectively, and $1.1 million and $(0.1) million in Year-To-Date 2024 and Year-To-Date 2023, respectively. All other stock-based compensation expense (benefit) is included in Selling, general, and administrative expenses. During the First Quarter 2024, there was a change of control of the Company, which triggered a conversion of all Performance Awards into service-based Performance Awards in accordance with their terms. As a result, the Fiscal 2023, Fiscal 2022, and fiscal year 2021 Performance Awards will all vest at their target shares on their respective vesting dates without regard to the achievement of any of the performance metrics associated with those awards. The fiscal year 2021 Performance Awards vested during the First Quarter 2024. The incremental expense recorded for Performance Awards during Year-To-Date 2024 due to the change of control was $9.9 million.

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE	6 Months Ended
LOSS PER COMMON SHARE	Aug. 03, 2024
Earnings Per Share [Abstract]
LOSS PER COMMON SHARE	LOSS PER COMMON SHARE The following table reconciles net loss and common share amounts utilized to calculate basic and diluted loss per common share: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Net loss $ (32,114) $ (35,355) $ (69,909) $ (64,188) Basic weighted average common shares outstanding 12,772 12,522 12,707 12,448 Dilutive effect of stock awards — — — — Diluted weighted average common shares outstanding 12,772 12,522 12,707 12,448 Anti-dilutive shares excluded from diluted loss per common share calculation 34 74 56 151

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
FAIR VALUE MEASUREMENT	Aug. 03, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT The Company’s cash and cash equivalents, accounts receivable, investments in the rabbi trust, accounts payable, and revolving loan are all short-term in nature. As such, their carrying amounts approximate fair value. The Company’s deferred compensation plan assets and liabilities fall within Level 1 of the fair value hierarchy. The Company stock included in the deferred compensation plan is not subject to fair value measurement. The fair value of the Company’s Initial Mithaq Term Loan with a carrying value (gross of debt issuance costs) of $78.6 million at August 3, 2024, was approximately $55.1 million. The fair value of the Company’s New Mithaq Term Loan with a carrying value (gross of debt issuance costs) of $90.0 million at August 3, 2024, was approximately $78.8 million. The fair value of debt was estimated using a market approach, which considers the Company’s credit risk and market related conditions, and is therefore within Level 2 of the fair value hierarchy. The Company’s non-financial assets measured at fair value on a nonrecurring basis include long-lived assets, such as intangible assets, fixed assets, and ROU assets. The Company reviews the carrying amounts of such assets when events indicate that their carrying amounts may not be recoverable. Any resulting asset impairment would require that the asset be recorded at its fair value. The resulting fair value measurements of the assets are considered to fall within Level 3 of the fair value hierarchy. Impairment of Long-Lived Assets The fair value of the Company’s long-lived assets is primarily calculated using a discounted cash-flow model directly associated with those assets, which consist principally of property and equipment and ROU assets. These assets are tested for impairment when events indicate that their carrying value may not be recoverable. The Company performed periodic quantitative impairment assessments of its long-lived assets and did not record an impairment charge in the Second Quarter 2024 and Year-To-Date 2024. The Company recorded asset impairment charges in the Second Quarter 2023 and Year-To-Date 2023 of $0.8 million and $2.5 million, respectively, inclusive of ROU assets. Impairment of Indefinite-Lived Intangible Assets The Company estimates the fair value of its indefinite-lived Gymboree tradename based on an income approach using the relief-from-royalty method. Estimating fair value using this method requires management to estimate future revenues, royalty rates, discount rates, long-term growth rates, and other factors in order to project future cash flows. The Company performed a quantitative impairment assessment of the Gymboree tradename as of June 30, 2024, in accordance with FASB ASC 350— Intangibles – Goodwill and Other . Based on this assessment, the Company recorded an impairment charge of $28.0 million in the Second Quarter 2024, primarily due to reductions in Gymboree sales forecasts and a reduction in the royalty rate u sed to value the tradename, which reduced the carrying value to its fair value of $13.0 million as of August 3, 2024. Unfavorable changes in certain of the Company’s key assumptions may affect future testing results. For example, keeping all other assumptions constant, a 100-basis point increase in the discount rate or a 10% decrease in forecasted revenue would result in further impairment charges of approximately $1.0 million.

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Aug. 03, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company computes income taxes using the asset and liability method. This method requires recognition of deferred tax assets and liabilities, measured by enacted rates, attributable to temporary differences between the financial statement and income tax basis of assets and liabilities. The Company’s deferred tax assets and liabilities are comprised largely of differences relating to depreciation and amortization, rent expense, inventory, stock-based compensation, net operating loss carryforwards, tax credits, and various accruals and reserves. The Company’s effective income tax rate for the Second Quarter 2024 was a provision of (3.6)%, or $1.1 million, compared to a benefit of 20.7%, or $(9.2) million, during the Second Quarter 2023. The change in the effective income tax rate and income tax provision (benefit) for the Second Quarter 2024 compared to the Second Quarter 2023 was primarily driven by the establishment of a valuation allowance against the Company’s net deferred tax assets in Fiscal 2023. The Company’s effective income tax rate for Year-To-Date 2024 was a provision of (4.8)%, or $3.2 million, compared to a benefit of 20.3%, or $(16.4) million, for Year-To-Date 2023. The change in the effective income tax rate and income tax provision (benefit) for Year-To-Date 2024 compared to Year-To-Date 2023 was primarily driven by the establishment of a valuation allowance against the Company’s net deferred tax assets in Fiscal 2023. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted in response to the COVID-19 pandemic. The CARES Act allows net operating losses (“NOLs”) incurred in taxable years 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to offset 100% of taxable income and to generate a refund of previously paid income taxes. Pursuant to the CARES Act, the Company carried back the taxable year 2020 tax loss of $150.0 million to prior years. As of August 3, 2024, the remaining income tax receivable of $19.1 million is included within Prepaid expenses and other current assets on the Consolidated Balance Sheets. The Company accrues interest and penalties related to unrecognized tax benefits as part of the provision for income taxes. The total amount of unrecognized tax benefits was $7.8 million, $7.0 million, and $4.3 million as of August 3, 2024, February 3, 2024, and July 29, 2023, respectively, and is included within long-term liabilities. Additional interest expense recognized in the Second Quarter 2024 and Second Quarter 2023 related to unrecognized tax benefits was not significant. The Company is subject to tax in the United States and foreign jurisdictions, including Canada and Hong Kong. The Company files a consolidated U.S. income tax return for federal income tax purposes. The Company is no longer subject to income tax examinations by U.S. federal, state and local or foreign tax authorities for tax years 2015 and prior. The Internal Revenue Service is currently conducting an examination of the Company’s tax return for fiscal year 2020 in conjunction with its review of the CARES Act NOL carryback to earlier fiscal years. The Company believes that its reserves for uncertain tax positions are adequate to cover existing risks or exposures. Management believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues arise as a result of a tax audit, and are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. During the First Quarter 2024, Mithaq became the controlling shareholder of the Company. This change of control constituted an “ownership change” under the Internal Revenue Code Section 382, subjecting the Company to an annual limitation on its ability to utilize its existing NOLs and tax credits as of the ownership change date to offset future taxable income. The application of such limitation may cause U.S. federal income taxes to be paid by the Company earlier than they otherwise would be paid if such limitation was not in effect, which would adversely affect the Company’s operating results and cash flows if it has taxable income in the future. In addition to the aforementioned federal income tax implications pursuant to Section 382 of the Code, most U.S. states follow the general provision of Section 382 of the Code, either explicitly or implicitly resulting in separate state NOL limitations. This could cause state income taxes to be paid earlier than otherwise would be paid if such limitation was not in effect and could cause such NOLs to expire unused.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
SEGMENT INFORMATION	Aug. 03, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION In accordance with FASB ASC 280— Segment Reporting , the Company reports segment data based on geography: The Children’s Place U.S. and The Children’s Place International. Each segment includes an e-commerce business located at www.childrensplace.com and www.gymboree.com. Included in The Children’s Place U.S. segment are the Company’s U.S. and Puerto Rico-based stores and revenue from the Company’s U.S.-based wholesale business. Included in The Children’s Place International segment are the Company’s Canadian-based stores, revenue from the Company’s Canadian-based wholesale business, and revenue from international franchisees. The Company measures its segment profitability based on operating income, defined as income before interest and taxes. Net sales and direct costs are recorded by each segment. Certain inventory procurement functions, such as production and design, as well as corporate overhead, including executive management, finance, real estate, human resources, legal, and information technology services, are managed by The Children’s Place U.S. segment. Expenses related to these functions, including depreciation and amortization, are allocated to The Children’s Place International segment based primarily on net sales. The assets related to these functions are not allocated. The Company periodically reviews these allocations and adjusts them based upon changes in business circumstances. Net sales to external customers are derived from merchandise sales, and the Company has one U.S. wholesale customer that individually accounted for more than 10% of its net sales, amounting to $44.5 million and $61.0 million for the Second Quarter 2024 and Year-To-Date 2024, respectively, and accounts for a majority of the Company’s accounts receivable. As of August 3, 2024, The Children’s Place U.S. had 452 stores and The Children’s Place International had 63 stores. As of July 29, 2023, The Children’s Place U.S. had 525 stores and The Children’s Place International had 71 stores. The following table provides segment level financial information: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Net sales: The Children’s Place U.S. $ 292,393 $ 313,217 $ 538,581 $ 606,703 The Children’s Place International (1) 27,262 32,382 48,952 60,536 Total net sales $ 319,655 $ 345,599 $ 587,533 $ 667,239 Operating loss: The Children’s Place U.S. $ (19,673) $ (36,739) $ (43,652) $ (64,766) The Children’s Place International (2,103) (202) (6,112) (2,242) Total operating loss $ (21,776) $ (36,941) $ (49,764) $ (67,008) Operating loss as a percentage of net sales: The Children’s Place U.S. (6.7%) (11.7%) (8.1%) (10.7)% The Children’s Place International (7.7%) (0.6%) (12.5%) (3.7)% Total operating loss as a percentage of net sales (6.8%) (10.7%) (8.5%) (10.0)% Depreciation and amortization: The Children’s Place U.S. $ 8,835 $ 11,079 $ 18,489 $ 21,984 The Children’s Place International 670 874 2,651 1,817 Total depreciation and amortization $ 9,505 $ 11,953 $ 21,140 $ 23,801 Capital expenditures: The Children’s Place U.S. $ 7,720 $ 7,170 $ 12,398 $ 18,142 The Children’s Place International 64 — 80 10 Total capital expenditures $ 7,784 $ 7,170 $ 12,478 $ 18,152 ____________________________________________ (1) Net sales from The Children’s Place International are primarily derived from Canadian operations. The Company’s foreign subsidiaries, primarily in Canada, have operating results based in foreign currencies and are thus subject to the fluctuations of the corresponding translation rates into U.S. dollars.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Pay vs Performance Disclosure
Net loss	$ (32,114)	$ (35,355)	$ (69,909)	$ (64,188)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Aug. 03, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
BASIS OF PRESENTATION (Policies)	Aug. 03, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements and accompanying notes to consolidated financial statements are prepared in accordance with U.S. GAAP for interim financial information and the rules and regulations of the SEC. Accordingly, certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated. As of August 3, 2024, February 3, 2024 and July 29, 2023, the Company did not have any investments in unconsolidated affiliates. FASB ASC 810— Consolidation is considered when determining whether an entity is subject to consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal recurring adjustments necessary for a fair statement of the consolidated financial position of the Company as of August 3, 2024 and July 29, 2023, the results of its consolidated operations, consolidated comprehensive loss, and consolidated changes in stockholders’ (deficit) equity for the thirteen weeks and twenty-six weeks ended August 3, 2024 and July 29, 2023, and consolidated cash flows for the twenty-six weeks ended August 3, 2024 and July 29, 2023. The consolidated balance sheet as of February 3, 2024 was derived from audited financial statements. Due to the seasonal nature of the Company’s business, the results of operations for the thirteen weeks and twenty-six weeks ended August 3, 2024 and July 29, 2023 are not necessarily indicative of operating results for a full fiscal year. These consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2024.
Fiscal Year	Fiscal Year
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and amounts of revenues and expenses reported during the period. Actual results could differ from the assumptions used and estimates made by management, which could have a material impact on the Company’s financial position or results of operations. Critical accounting estimates inherent in the preparation of the consolidated financial statements include impairment of long-lived assets, impairment of indefinite-lived intangible assets, income taxes, stock-based compensation, and inventory valuation.
Recent Accounting Standards Updates	Recent Accounting Standards Updates In November 2023, the FASB issued Accounting Standards Update No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” (“ASU 2023-07”). The amendments in ASU 2023-07 are designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses during interim and annuals periods. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements. In December 2023, the FASB issued Accounting Standards Update No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” (“ASU 2023-09”). The amendments in ASU 2023-09 are designed to enhance the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation, and income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements.

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
REVENUES (Tables)	Aug. 03, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s revenues disaggregated by geography: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Net sales: South $ 125,639 $ 127,708 $ 228,895 $ 247,626 Northeast 50,453 59,935 104,680 124,468 West 38,837 46,750 72,753 89,352 Midwest 27,953 34,093 60,491 72,902 International and other (1) 76,773 77,113 120,714 132,891 Total net sales $ 319,655 $ 345,599 $ 587,533 $ 667,239 ____________________________________________ (1) Includes retail and e-commerce sales in Canada and Puerto Rico, wholesale and franchisee sales, and certain amounts earned under the Company’s private label credit card program.

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	6 Months Ended
RESTRUCTURING (Tables)	Aug. 03, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	As a result of the strategic actions associated with the voluntary early termination and subsequent renewal of the Company’s corporate office lease, the move of its distribution center operations from Toronto, Canada (“TODC”) to Alabama in the United States, and workforce reductions, the Company incurred $0.2 million and $2.5 million in restructuring costs during the Second Quarter 2024 and Year-To-Date 2024, respectively, on a pretax basis, summarized in the following table: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Employee-related costs $ — $ 5,433 $ — $ 5,433 Lease termination costs (1) 241 4,947 701 4,947 TODC costs (2) — — 1,848 — Professional fees — 186 — 186 Total restructuring costs (3) $ 241 $ 10,566 $ 2,549 $ 10,566 _______________________________________ (1) Includes non-cash charges related to accelerated depreciation on certain assets in the corporate office over the reduced term, amounting to $0.2 million and $0.7 million for the Second Quarter 2024 and Year-To-Date 2024, respectively. (2) Includes non-cash charges related to accelerated depreciation on TODC assets, amounting to $1.1 million during Year-To-Date 2024. (3) Restructuring costs are recorded within Selling, general and administrative expenses, except accelerated depreciation charges noted above, which are recorded within Depreciation and amortization. TODC costs are recorded within The Children’s Place International segment. The remaining restructuring costs are primarily recorded within The Children’s Place U.S. segment.
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes the restructuring costs that have been partially settled with cash payments and the remaining related liability as of August 3, 2024. The remaining related liability is expected to be settled with cash payments during the remainder of Fiscal 2024 and these costs are included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets: Employee-Related Costs TODC Costs Total (in thousands) Balance at February 3, 2024 $ 1,666 $ — $ 1,666 Provision — 751 751 Cash Payments (1,114) (247) (1,361) Balance at May 4, 2024 552 504 1,056 Cash Payments (304) (185) (489) Balance at August 3, 2024 $ 248 $ 319 $ 567 Employee-Related Costs Lease Termination Costs Professional Fees Total (in thousands) Balance at April 29, 2023 $ — $ — $ — $ — Provision 5,433 4,040 186 9,659 Cash Payments (2,602) (4,040) — (6,642) Balance at July 29, 2023 2,831 — 186 3,017 Provision 674 — 82 756 Cash Payments (2,652) — (268) (2,920) Balance at October 28, 2023 853 — — 853 Provision 1,275 — — 1,275 Cash Payments (462) — — (462) Balance at February 3, 2024 $ 1,666 $ — $ — $ 1,666

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
INTANGIBLE ASSETS (Tables)	Aug. 03, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The Company’s intangible assets were as follows: August 3, 2024 Useful Life Gross Amount Accumulated Amortization Net Amount (in thousands) Gymboree tradename Indefinite $ 13,000 $ — $ 13,000 Total intangible assets $ 13,000 $ — $ 13,000 February 3, 2024 Useful Life Gross Amount Accumulated Amortization Net Amount (in thousands) Gymboree tradename Indefinite $ 41,000 $ — $ 41,000 Crazy 8 tradename 5 years 4,000 (3,877) 123 Total intangible assets $ 45,000 $ (3,877) $ 41,123 July 29, 2023 Useful Life Gross Amount Accumulated Amortization Net Amount (in thousands) Gymboree tradename Indefinite $ 69,953 $ — $ 69,953 Crazy 8 tradename 5 years 4,000 (3,462) 538 Total intangible assets $ 73,953 $ (3,462) $ 70,491

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Aug. 03, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment consisted of the following: August 3, February 3, July 29, (in thousands) Property and equipment: Land and land improvements $ 3,403 $ 3,403 $ 3,403 Building and improvements 36,309 36,187 36,187 Material handling equipment 89,427 90,637 89,389 Leasehold improvements 164,054 162,898 178,536 Store fixtures and equipment 164,795 173,667 200,201 Capitalized software 335,762 333,953 347,343 Construction in progress 5,992 3,386 7,134 799,742 804,131 862,193 Less: accumulated depreciation and amortization (688,446) (679,381) (720,949) Property and equipment, net $ 111,296 $ 124,750 $ 141,244

LEASES (Tables)

LEASES (Tables)	6 Months Ended
LEASES (Tables)	Aug. 03, 2024
Leases [Abstract]
Schedule of Lease, Cost	The following components of operating lease expense were recognized in the Company’s Consolidated Statements of Operations: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Fixed operating lease cost $ 23,139 $ 21,481 $ 45,641 $ 42,387 Variable operating lease cost (1) 6,098 14,388 13,944 29,085 Total operating lease cost $ 29,237 $ 35,869 $ 59,585 $ 71,472 ____________________________________________ (1) Includes short term leases with lease periods of less than 12 months.
Schedule of Lessee, Operating Lease, Liability, Maturity	As of August 3, 2024, the maturities of operating lease liabilities were as follows: August 3, (in thousands) Remainder of 2024 $ 45,889 2025 64,141 2026 35,225 2027 16,619 2028 13,831 Thereafter 40,589 Total operating lease payments 216,294 Less: imputed interest (38,088) Present value of operating lease liabilities $ 178,206

DEBT (Tables)

DEBT (Tables)	6 Months Ended
DEBT (Tables)	Aug. 03, 2024
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities	The table below presents the components of the Company’s ABL Credit Facility: August 3, February 3, July 29, (in millions) Total borrowing base availability (1) $ 396.2 $ 258.4 $ 422.3 Credit facility availability (2) 433.0 400.5 400.5 Maximum borrowing availability (3) 396.2 258.4 400.5 Outstanding borrowings 316.7 226.7 347.5 Letters of credit outstanding—standby 12.2 7.4 7.4 Utilization of credit facility at end of period 328.9 234.1 354.9 Availability (4) $ 67.3 $ 24.3 $ 45.6 Interest rate at end of period 8.6% 8.1% 8.1% Year-To-Date 2024 Fiscal 2023 Year-To-Date 2023 (in millions) Average end of day loan balance during the period $ 252.7 $ 315.5 $ 315.2 Highest end of day loan balance during the period $ 328.0 $ 379.4 $ 379.4 Average interest rate 9.3% 7.5% 6.3% ____________________________________________ (1) In the Second Quarter 2024, given that the Company was under cash dominion, the excess availability threshold was not applicable to the total borrowing base availability. As of August 29, 2024, the Company is no longer under cash dominion. In Fiscal 2023, the total borrowing base availability was calculated net of the excess availability threshold, as prior to the Seventh Amendment, crossing that threshold would have resulted in cash dominion, which would have triggered a fixed charge coverage ratio covenant test and would likely have led to a default under the Credit Agreement. As of the Seventh Amendment, the fixed charge coverage ratio covenant has been removed from the Credit Agreement. (2) In the Second Quarter 2024, given that the Company was under cash dominion, the excess availability threshold was not applicable to the determination of the credit facility availability. As of August 29, 2024, the Company is no longer under cash dominion. In Fiscal 2023, the credit facility availability was calculated net of the excess availability threshold, as prior to the Seventh Amendment, crossing that threshold would have resulted in cash dominion, which would have triggered a fixed charge coverage ratio covenant test and would likely have led to a default under the Credit Agreement. As of the Seventh Amendment, the fixed charge coverage ratio covenant has been removed from the Credit Agreement. (3) The lower of the credit facility availability and the total borrowing base availability. (4) The sub-limit availability for letters of credit was $12.8 million at August 3, 2024, and $42.6 million at February 3, 2024 and July 29, 2023.
Schedule of Contractual Obligation, Fiscal Year Maturity	Maturities of the Company’s principal debt payments as of August 3, 2024 are as follows: August 3, 2024 (in thousands) Remainder of 2024 $ — 2025 — 2026 — 2027 168,600 Thereafter — Total related party debt $ 168,600

STOCKHOLDERS_ (DEFICIT) EQUITY

STOCKHOLDERS’ (DEFICIT) EQUITY (Tables)	6 Months Ended
STOCKHOLDERS’ (DEFICIT) EQUITY (Tables)	Aug. 03, 2024
Stockholders' Equity Note [Abstract]
Schedule of Shares Repurchases	The following table summarizes the Company’s share repurchases: Twenty-six Weeks Ended August 3, 2024 July 29, 2023 Shares Amount Shares Amount (in thousands) Share repurchases related to: Share repurchase program 65 $ 566 203 $ 6,964 Shares acquired and held in treasury 5 $ 66 4 $ 148

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
STOCK-BASED COMPENSATION (Tables)	Aug. 03, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Company’s Stock-Based Compensation Expense	The following table summarizes the Company’s stock-based compensation expense (benefit): Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Deferred Awards $ (589) $ 1,690 $ 1,829 $ 4,190 Performance Awards (659) (6,452) 9,532 (5,869) Total stock-based compensation expense (benefit) (1) $ (1,248) $ (4,762) $ 11,361 $ (1,679) ___________________________________________ (1)

LOSS PER COMMON SHARE (Tables)

LOSS PER COMMON SHARE (Tables)	6 Months Ended
LOSS PER COMMON SHARE (Tables)	Aug. 03, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Common Share	The following table reconciles net loss and common share amounts utilized to calculate basic and diluted loss per common share: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Net loss $ (32,114) $ (35,355) $ (69,909) $ (64,188) Basic weighted average common shares outstanding 12,772 12,522 12,707 12,448 Dilutive effect of stock awards — — — — Diluted weighted average common shares outstanding 12,772 12,522 12,707 12,448 Anti-dilutive shares excluded from diluted loss per common share calculation 34 74 56 151

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
SEGMENT INFORMATION (Tables)	Aug. 03, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting	The following table provides segment level financial information: Thirteen Weeks Ended Twenty-six Weeks Ended August 3, July 29, August 3, July 29, (in thousands) Net sales: The Children’s Place U.S. $ 292,393 $ 313,217 $ 538,581 $ 606,703 The Children’s Place International (1) 27,262 32,382 48,952 60,536 Total net sales $ 319,655 $ 345,599 $ 587,533 $ 667,239 Operating loss: The Children’s Place U.S. $ (19,673) $ (36,739) $ (43,652) $ (64,766) The Children’s Place International (2,103) (202) (6,112) (2,242) Total operating loss $ (21,776) $ (36,941) $ (49,764) $ (67,008) Operating loss as a percentage of net sales: The Children’s Place U.S. (6.7%) (11.7%) (8.1%) (10.7)% The Children’s Place International (7.7%) (0.6%) (12.5%) (3.7)% Total operating loss as a percentage of net sales (6.8%) (10.7%) (8.5%) (10.0)% Depreciation and amortization: The Children’s Place U.S. $ 8,835 $ 11,079 $ 18,489 $ 21,984 The Children’s Place International 670 874 2,651 1,817 Total depreciation and amortization $ 9,505 $ 11,953 $ 21,140 $ 23,801 Capital expenditures: The Children’s Place U.S. $ 7,720 $ 7,170 $ 12,398 $ 18,142 The Children’s Place International 64 — 80 10 Total capital expenditures $ 7,784 $ 7,170 $ 12,478 $ 18,152 ____________________________________________ (1) Net sales from The Children’s Place International are primarily derived from Canadian operations. The Company’s foreign subsidiaries, primarily in Canada, have operating results based in foreign currencies and are thus subject to the fluctuations of the corresponding translation rates into U.S. dollars.

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	6 Months Ended
BASIS OF PRESENTATION (Details)	Aug. 03, 2024 USD ($) country digital_storefront partner store segment	May 02, 2024 USD ($)	Feb. 03, 2024 USD ($)	Jul. 29, 2023 USD ($)
Basis Of Presentation [Line Items]
Number of digital storefronts \| digital_storefront	2
Number of stores (more than) \| store	500
Number of countries for distribution \| country	15
Number of international franchise partners \| partner	5
Number of reportable segments \| segment	2
Accumulated deficit	$ 204,774,000		$ 134,865,000	$ 44,477,000
Working capital deficit	71,200,000
ABL Credit Facility and Previous ABL Credit Facility
Basis Of Presentation [Line Items]
Outstanding borrowings	316,700,000		226,700,000	347,500,000
Availability	67,300,000		$ 24,300,000	$ 45,600,000
Mithaq Credit Facility
Basis Of Presentation [Line Items]
Outstanding borrowings	$ 0
Maximum borrowing capacity		$ 40,000,000

REVENUES - Disaggregation by Ge

REVENUES - Disaggregation by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 319,655	$ 345,599	$ 587,533	$ 667,239
South
Disaggregation of Revenue [Line Items]
Total net sales	125,639	127,708	228,895	247,626
Northeast
Disaggregation of Revenue [Line Items]
Total net sales	50,453	59,935	104,680	124,468
West
Disaggregation of Revenue [Line Items]
Total net sales	38,837	46,750	72,753	89,352
Midwest
Disaggregation of Revenue [Line Items]
Total net sales	27,953	34,093	60,491	72,902
International and other
Disaggregation of Revenue [Line Items]
Total net sales	$ 76,773	$ 77,113	$ 120,714	$ 132,891

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
REVENUES - Narrative (Details) - USD ($) $ in Millions	Feb. 03, 2024	Aug. 03, 2024	Jul. 29, 2023
Disaggregation of Revenue [Line Items]
Accounts receivable reserve	$ 9	$ 8	$ 7.4
Allowance for credit loss	1.7	2.1	2.5
Contract liability	1.7	3.6	5.6
Gift Cards
Disaggregation of Revenue [Line Items]
Gift card liability	6.8	6.4	10.2
Net sales	2.7
Accrued Expenses and Other Current Liabilities
Disaggregation of Revenue [Line Items]
Contract with customer, liability, current	$ 3.1	$ 12.6	$ 11.7

RESTRUCTURING - Narrative (Deta

RESTRUCTURING - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 241	$ 10,566	$ 2,549	$ 10,566

RESTRUCTURING - Restructuring C

RESTRUCTURING - Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 241	$ 10,566	$ 2,549	$ 10,566
Non-cash charges to accelerate depreciation			700
Employee-related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	5,433	0	5,433
Lease termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	241	4,947	701	4,947
TODC costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	1,848	0
Non-cash charges to accelerate depreciation	0		1,100
Professional fees
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0	$ 186	$ 0	$ 186

RESTRUCTURING - Restructuring R

RESTRUCTURING - Restructuring Reserves (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 03, 2024	May 04, 2024	Feb. 03, 2024	Oct. 28, 2023	Jul. 29, 2023
Restructuring Reserve [Roll Forward]
Beginning balance	$ 1,056	$ 1,666	$ 853	$ 3,017	$ 0
Provision		751	1,275	756	9,659
Cash Payments	(489)	(1,361)	(462)	(2,920)	(6,642)
Ending balance	567	1,056	1,666	853	3,017
Employee-related costs
Restructuring Reserve [Roll Forward]
Beginning balance	552	1,666	853	2,831	0
Provision		0	1,275	674	5,433
Cash Payments	(304)	(1,114)	(462)	(2,652)	(2,602)
Ending balance	248	552	1,666	853	2,831
TODC costs
Restructuring Reserve [Roll Forward]
Beginning balance	504	0
Provision		751
Cash Payments	(185)	(247)
Ending balance	$ 319	504	0
Lease termination costs
Restructuring Reserve [Roll Forward]
Beginning balance		0	0	0	0
Provision			0	0	4,040
Cash Payments			0	0	(4,040)
Ending balance			0	0	0
Professional fees
Restructuring Reserve [Roll Forward]
Beginning balance		$ 0	0	186	0
Provision			0	82	186
Cash Payments			0	(268)	0
Ending balance			$ 0	$ 0	$ 186

INTANGIBLE ASSETS - Narrative (

INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets	$ 28,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Asset impairment charges
Gymboree tradename
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets		$ 29,000
Indefinite-lived intangible assets	$ 13,000	$ 41,000	$ 69,953

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 0	$ (3,877)	$ (3,462)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total intangibles, net, Gross amount	13,000	45,000	73,953
Total intangibles, net, Accumulated amortization	0	(3,877)	(3,462)
Total intangible assets	13,000	41,123	70,491
Crazy 8 tradename
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 13,000	$ 41,000	$ 69,953
Crazy 8 tradename
Finite-Lived Intangible Assets [Line Items]
Useful Life		5 years	5 years
Gross Amount		$ 4,000	$ 4,000
Accumulated Amortization		(3,877)	(3,462)
Net Amount		123	538
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total intangibles, net, Accumulated amortization		$ (3,877)	$ (3,462)

PROPERTY AND EQUIPMENT, NET - S

PROPERTY AND EQUIPMENT, NET - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 799,742	$ 804,131	$ 862,193
Less: accumulated depreciation and amortization	(688,446)	(679,381)	(720,949)
Property and equipment, net	111,296	124,750	141,244
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,403	3,403	3,403
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	36,309	36,187	36,187
Material handling equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	89,427	90,637	89,389
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	164,054	162,898	178,536
Store fixtures and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	164,795	173,667	200,201
Capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	335,762	333,953	347,343
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,992	$ 3,386	$ 7,134

PROPERTY AND EQUIPMENT, NET - N

PROPERTY AND EQUIPMENT, NET - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
PROPERTY AND EQUIPMENT, NET - Narrative (Details) - USD ($)	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Property, Plant and Equipment [Abstract]
Impairment of long-lived assets	$ 0	$ 800,000	$ 0	$ 2,500,000

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	6 Months Ended
LEASES - Narrative (Details) $ in Millions	Aug. 03, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Option to extend lease	5 years
Operating lease, weighted average remaining lease term	4 years 3 months 18 days
Operating lease, weighted average discount rate	7.80%
Operating lease, payments	$ 39.8
Right-of-use asset obtained in exchange for operating lease liability	$ 34.8
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease term	13 years

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Leases [Abstract]
Fixed operating lease cost	$ 23,139	$ 21,481	$ 45,641	$ 42,387
Variable operating lease cost	6,098	14,388	13,944	29,085
Total operating lease cost	$ 29,237	$ 35,869	$ 59,585	$ 71,472

LEASES - Lease Liability Maturi

LEASES - Lease Liability Maturity (Details) $ in Thousands	Aug. 03, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 45,889
2025	64,141
2026	35,225
2027	16,619
2028	13,831
Thereafter	40,589
Total operating lease payments	216,294
Less: imputed interest	(38,088)
Present value of operating lease liabilities	$ 178,206

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($)

3 Months Ended

6 Months Ended

May 02, 2024

Apr. 18, 2024

Apr. 17, 2024

Apr. 16, 2024

Nov. 16, 2021

Aug. 03, 2024

Jul. 29, 2023

Aug. 03, 2024

Jul. 29, 2023

Apr. 15, 2024

Mar. 08, 2024

Feb. 29, 2024

Feb. 03, 2024

ABL Credit Facility and Previous ABL Credit Facility

Line of Credit Facility [Line Items]

Outstanding borrowings

$ 316,700,000

$ 347,500,000

$ 316,700,000

$ 347,500,000

$ 226,700,000

Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

50,000,000

ABL Credit Facility

Line of Credit Facility [Line Items]

Interest expense

6,300,000

6,100,000

12,000,000

10,800,000

Initial Mithaq Term Loan

Line of Credit Facility [Line Items]

Maximum borrowing capacity

78,600,000

New Mithaq Term Loan

Line of Credit Facility [Line Items]

Maximum borrowing capacity

90,000,000

Mithaq Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 40,000,000

Basis spread on variable rate

Outstanding borrowings

Secured Debt | 2021 Term Loan

Line of Credit Facility [Line Items]

Interest expense

1,000,000

1,100,000

1,900,000

Secured Debt | 2021 Term Loan | Secured Overnight Financing Rate (SOFR)

Line of Credit Facility [Line Items]

Basis spread on variable rate

2.75%

Secured Debt | 2021 Term Loan | Base Rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

Term Loan | Mithaq Term Loan 1

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 30,000,000

Term Loan | Mithaq Term Loan 2

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 48,600,000

Term Loan | New Mithaq Term Loan

Line of Credit Facility [Line Items]

Basis spread on variable rate

Interest expense

2,100,000

2,500,000

Unamortized balance of deferred financing costs

3,200,000

Revolving credit facility | ABL Credit Facility and Previous ABL Credit Facility

Line of Credit Facility [Line Items]

Credit facility availability

$ 433,000,000

433,000,000

400,500,000

433,000,000

400,500,000

$ 445,000,000

400,500,000

Maximum borrowing capacity

396,200,000

$ 400,500,000

396,200,000

$ 400,500,000

$ 258,400,000

Revolving credit facility | ABL Credit Facility

Line of Credit Facility [Line Items]

Unamortized balance of deferred financing costs

$ 2,400,000

Revolving credit facility | ABL Credit Facility | Minimum

Line of Credit Facility [Line Items]

Unused line fee percentage

0.25%

Revolving credit facility | ABL Credit Facility | Maximum

Line of Credit Facility [Line Items]

Unused line fee percentage

0.375%

Revolving credit facility | Line of Credit | ABL Credit Facility

Line of Credit Facility [Line Items]

Unused line fee percentage

0.20%

Revolving credit facility | Line of Credit | ABL Credit Facility | Secured Overnight Financing Rate (SOFR) | Debt Condition One

Line of Credit Facility [Line Items]

Basis spread on variable rate

0.10%

Revolving credit facility | Line of Credit | ABL Credit Facility | Minimum

Line of Credit Facility [Line Items]

Basis spread on variable rate

Revolving credit facility | Line of Credit | ABL Credit Facility | Minimum | Prime Rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

1.75%

Revolving credit facility | Line of Credit | ABL Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR)

Line of Credit Facility [Line Items]

Basis spread on variable rate

0.10%

Line of Credit Facility [Line Items]

Basis spread on variable rate

2.75%

Line of Credit Facility [Line Items]

Basis spread on variable rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

Canadian Credit Facility | Line of Credit | ABL Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 25,000,000

Standby and Documentary Letters of Credit | Line of Credit | ABL Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 25,000,000

Commercial Letter Of Credit | Line of Credit | ABL Credit Facility | Minimum

Line of Credit Facility [Line Items]

Unused line fee percentage

Commercial Letter Of Credit | Line of Credit | ABL Credit Facility | Maximum

Line of Credit Facility [Line Items]

Unused line fee percentage

1.125%

Standby | Line of Credit | ABL Credit Facility | Minimum

Line of Credit Facility [Line Items]

Unused line fee percentage

1.50%

Standby | Line of Credit | ABL Credit Facility | Maximum

Line of Credit Facility [Line Items]

Unused line fee percentage

1.75%

DEBT - Components (Details)

DEBT - Components (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
DEBT - Components (Details) - USD ($) $ in Millions	May 04, 2024	Aug. 03, 2024	Jul. 29, 2023	Apr. 18, 2024	Apr. 15, 2024	Feb. 03, 2024
Line of Credit Facility [Line Items]
Average end of day loan balance during the period	$ 315.5	$ 252.7	$ 315.2
Highest end of day loan balance during the period	$ 379.4	$ 328	$ 379.4
Average interest rate	7.50%	9.30%	6.30%
ABL Credit Facility and Previous ABL Credit Facility
Line of Credit Facility [Line Items]
Outstanding borrowings		$ 316.7	$ 347.5			$ 226.7
Utilization of credit facility at end of period		328.9	354.9			234.1
Availability		$ 67.3	$ 45.6			$ 24.3
Interest rate at end of period		8.60%	8.10%			8.10%
Revolving credit facility \| ABL Credit Facility and Previous ABL Credit Facility
Line of Credit Facility [Line Items]
Total borrowing base availability		$ 396.2	$ 422.3			$ 258.4
Credit facility availability		433	400.5	$ 433	$ 445	400.5
Maximum borrowing capacity		396.2	400.5			258.4
Standby \| ABL Credit Facility and Previous ABL Credit Facility
Line of Credit Facility [Line Items]
Letters of credit outstanding—standby		12.2	7.4			7.4
Sublimit Letter Of Credit \| ABL Credit Facility
Line of Credit Facility [Line Items]
Availability		$ 12.8	$ 42.6			$ 42.6

DEBT - Maturity (Details)

DEBT - Maturity (Details) - Initial and New Mithaq Term Loan $ in Thousands	Aug. 03, 2024 USD ($)
Debt Instrument [Line Items]
Remainder of 2024	$ 0
2025	0
2026	0
2027	168,600
Thereafter	0
Total related party debt	$ 168,600

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions		6 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Mar. 04, 2024 USD ($)	Aug. 03, 2024 USD ($)	Aug. 16, 2023 demand	Apr. 29, 2017 USD ($)
Rael v. The Children’s Place, Inc.
Loss Contingencies [Line Items]
Litigation settlement awarded to plaintiff	$ 0.3
Loss contingency, estimate of possible loss				$ 5
Loss contingency accrual decrease		$ 2.3
Gabriela Gonzalez v. The Children’s Place, Inc.
Loss Contingencies [Line Items]
Individual demands filed received \| demand			1,300

STOCKHOLDERS_ (DEFICIT) EQUIT_2

STOCKHOLDERS’ (DEFICIT) EQUITY - Narrative (Details) - 2018 Share Repurchase Program - USD ($)	Aug. 03, 2024	Nov. 30, 2021
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount		$ 250,000,000
Stock repurchase program, remaining authorized repurchase amount	$ 156,700,000

STOCKHOLDERS_ (DEFICIT) EQUIT_3

STOCKHOLDERS’ (DEFICIT) EQUITY - Share Repurchases (Details) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023
Stockholders' Equity Note [Abstract]
Share repurchase program (in shares)	65	203
Share repurchase program	$ 566	$ 6,964
Shares acquired and held in treasury (in shares)	5	4
Shares acquired and held in treasury	$ 66	$ 148

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense (benefit)	$ (1,248)	$ (4,762)	$ 11,361	$ (1,679)
Cost of Sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense (benefit)	100	(500)	1,100	(100)
Deferred Awards
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense (benefit)	(589)	1,690	1,829	4,190
Performance Awards
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense (benefit)	$ (659)	$ (6,452)	$ 9,532	$ (5,869)

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) $ in Millions	6 Months Ended
	Aug. 03, 2024 USD ($)
Performance Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental cost	$ 9.9

LOSS PER COMMON SHARE (Details)

LOSS PER COMMON SHARE (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Earnings Per Share [Abstract]
Net loss	$ (32,114)	$ (35,355)	$ (69,909)	$ (64,188)
Basic weighted average common shares outstanding (in shares)	12,772	12,522	12,707	12,448
Dilutive effect of stock awards (in shares)	0	0	0	0
Diluted weighted average common shares outstanding (in shares)	12,772	12,522	12,707	12,448
Anti-dilutive shares excluded from diluted loss per common share calculation (in shares)	34	74	56	151

FAIR VALUE MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
FAIR VALUE MEASUREMENT - Narrative (Details) - USD ($)	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023	Feb. 03, 2024
Indefinite-lived Intangible Assets [Line Items]
Impairment of long-lived assets	$ 0	$ 800,000	$ 0	$ 2,500,000
Asset impairment charges	28,000,000	782,000	28,000,000	2,532,000
Impairment charges, 10% decrease in forecasted revenue	1,000,000		1,000,000
Initial Mithaq Term Loan
Indefinite-lived Intangible Assets [Line Items]
Maximum borrowing capacity	78,600,000		78,600,000
Debt fair value	55,100,000		55,100,000
New Mithaq Term Loan
Indefinite-lived Intangible Assets [Line Items]
Maximum borrowing capacity	90,000,000		90,000,000
Debt fair value	78,800,000		78,800,000
Gymboree tradename
Indefinite-lived Intangible Assets [Line Items]
Asset impairment charges	28,000,000		28,000,000
Indefinite-lived intangible assets	$ 13,000,000	$ 69,953,000	$ 13,000,000	$ 69,953,000	$ 41,000,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 27, 2020	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023	Feb. 03, 2024
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, provision (benefit)		3.60%	(20.70%)	4.80%	(20.30%)
Income tax provision (benefit)		$ 1,107	$ (9,227)	$ 3,193	$ (16,363)
Carryovers and carrybacks to offset	100%
Estimated tax loss	$ 150,000
Income taxes receivable		19,100		19,100
Unrecognized tax benefits		$ 7,800	$ 4,300	$ 7,800	$ 4,300	$ 7,000

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
SEGMENT INFORMATION - Narrative (Details) $ in Millions	Aug. 03, 2024 USD ($) store	Aug. 03, 2024 USD ($) store	Jul. 29, 2023 store
Segment Reporting Information [Line Items]
Number of Stores	500	500
Revenue, Segment Benchmark \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Net sales \| $	$ 44.5	$ 61
The Children’s Place U.S.
Segment Reporting Information [Line Items]
Number of Stores	452	452	525
The Children’s Place International
Segment Reporting Information [Line Items]
Number of Stores	63	63	71

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Segment Reporting Information [Line Items]
Net sales	$ 319,655	$ 345,599	$ 587,533	$ 667,239
Operating loss:	$ (21,776)	$ (36,941)	$ (49,764)	$ (67,008)
Operating loss as a percentage of net sales:	(6.80%)	(10.70%)	(8.50%)	(10.00%)
Depreciation and amortization	$ 9,505	$ 11,953	$ 21,140	$ 23,801
Capital expenditures:	7,784	7,170	12,478	18,152
Operating Segments \| The Children’s Place U.S. \| U.S.
Segment Reporting Information [Line Items]
Net sales	292,393	313,217	538,581	606,703
Operating loss:	$ (19,673)	$ (36,739)	$ (43,652)	$ (64,766)
Operating loss as a percentage of net sales:	(6.70%)	(11.70%)	(8.10%)	(10.70%)
Depreciation and amortization	$ 8,835	$ 11,079	$ 18,489	$ 21,984
Capital expenditures:	7,720	7,170	12,398	18,142
Operating Segments \| The Children’s Place International \| International
Segment Reporting Information [Line Items]
Net sales	27,262	32,382	48,952	60,536
Operating loss:	$ (2,103)	$ (202)	$ (6,112)	$ (2,242)
Operating loss as a percentage of net sales:	(7.70%)	(0.60%)	(12.50%)	(3.70%)
Depreciation and amortization	$ 670	$ 874	$ 2,651	$ 1,817
Capital expenditures:	$ 64	$ 0	$ 80	$ 10