While a new Disney Store prototype has been well received,returns are too long-term and capital outlay too high to remain inthe business, explained Chuck Crovitz, Children's Place interimCEO.
"The equation simply does not balance out in this environment,"Crovitz said.
Children's Place and The Walt Disney Company have confirmed thatthey are in advanced discussions for Disney to acquire two-thirdsof the chain's 335 stores in North America. Crovitz declined tooffer specifics about the remaining stores, other than to emphasizethat it will exit the Disney business.
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