Investors Give Children's Place a Time-Out

Shares of the apparel retailer sank Monday after it widened its second-quarter loss estimate

The Children's Place Retail Stores (PLCE) shares got knocked down on July 9 after the chain warned that sales were weak last month, and that it will post a larger loss than it previously thought for its second quarter. The company said sales came in below expectations at both its Children's Place and Disney Store brands and it took significantly more markdowns.

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