The Children's Place in Summit Mall begins sales before nationwide closure
The Children's Place in Summit Mall begins sales before nationwide closure
Patrick Williams, Akron Beacon JournalFri, November 13, 2026 at 4:59 PM UTC
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The Children's Place stores across the United States and Canada – including one at Summit Mall in Fairlawn and three other Northeast Ohio – are all conducting sales ahead of closure.
A joint venture between Great American Holdings LLC, Tiger Group, SB360 Capital Partners, Gordon Brothers and Hilco Global have begun going-out-of-business sales at all locations of the stores, according to a news release from a communications firm representing Great American Holdings, also known as GA Group. The joint venture's announcement follows approval by the U.S. Bankruptcy Court for the District of New Jersey.
The Children's Place has owned the rights to Gymboree since 2019 and launched Gymboree product in stores and online the following year, according to The Children's Place website.
Managers at The Children's Place locations at the Summit Mall, Aurora Farms Premium Outlets in Aurora and SouthPark Mall in Strongsville declined on Nov. 13 to provide comment about sale and closing dates to the Beacon Journal. A fourth Northeast Ohio location, at Beachwood Place in Beachwood, could not be reached by phone.
Simon Property Group, which owns Summit Mall, could not be immediately reached for comment.
Discounts to begin at 30% to 60% with further markdowns expected
Discounts are beginning with 30% to 60% off all children's apparel and footwear, as well as accessories and holiday merchandise, the release said. As the sale continues, executives behind the joint venture expect items to be marked down further.
The Children's Place gift cards must be redeemed by Dec. 12 and will not be accepted beyond that date.
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The stores will remain in operation during their standard business hours, while supplies last.
All sales are final, the release said.
Joe Malfitano, president and head of Retail, Merchant and Industrial Solutions at GA Group, said the sale "represents a unique opportunity for families to access substantial savings on a trusted children's apparel brand during one of the busiest shopping periods of the year."
"Our joint venture has extensive experience managing large-scale retail disposition programs, and we are committed to conducting an orderly and efficient process while delivering exceptional value to customers," Malfitano said in a prepared statement.
Firms involved in joint venture were part of Joann bankruptcy, liquidation
Firms involved in the joint venture, including GA Group, Gordon Brothers and Tiger Group, were involved in the 2025 bankruptcy of Hudson-based Joann and the liquidation of its assets.
GA Group and Joann's term lenders purchased Joann in a February 2025 auction, following Gordon Brothers Retail Partners' position as the stalking horse bidder for the Hudson-based arts and crafts company. Alongside GA Group, Tiger Group led the disposition of Joann's real estate, inventory and intellectual property.
Patrick Williams covers growth and development for the Akron Beacon Journal. He can be reached by email at pwilliams@usatodayco.com or on X, formerly known as Twitter, @pwilliamsOH.
This article originally appeared on Akron Beacon Journal: The Children's Place in Summit Mall begins sales before nationwide closure
Source: “AOL Money”
