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The Children's Place in Manhattan (now closed) The company was founded in 1969. It was acquired by Federated Department Stores in 1981. After Campeau Corporation acquired Federated, they sold The Children's Place to a group led by Joseph Sitt in 1988. They became publicly traded on the NASDAQ exchange in 1997 under the ticker symbol PLCE.
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In addition, she notes that the kids’ clothing market is a $30 billion industry, and parents, on average, spend $1,000 per year per child on clothing purchases.
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