Leah Swan, Chief Operating Officer, The Children’s Place is set to retire from June 1. Swan joined The Children’s Place around six years ago and currently oversees IT, logistics, store operations, real estate, legal and other areas, including social and environmental responsibilities. As per a Retail Dive report, the pandemic hit The Children’s Place hard as it led in financial and operational losses. By last fall, however, the company recovered its financial health, as seen from RapidRatings data.
Last year, the company’s sales not only bounced back from 2020 but surpassed 2019’s sales as well. The pandemic accelerated the company’s long-running digital transformation, notes Jane Elfers, CEO. Its digital sales in the fourth quarter grew by 48 per cent of the total sales, compared to 31 per cent in 2019.
