Children’s Place Inc

American Eagle Outfitters and The Children's Place have sold the rights to their federal tariff refunds for pennies on the dollar, accepting immediate cash at a fraction of the claims' face value. American Eagle sold $68.9 million of its refund claims for $18.6 million in cash, while The Children's Place sold $38.2 million of its claims for about $25.7 million, according to Retail Dive. American Eagle has applied for roughly $190 million in tariff refunds and anticipates a $140 million net cash benefit, while The Children's Place has filed claims amounting to approximately $40 million, of which $5.5 million has already been received. Both retailers have been closing stores as part of broader restructuring efforts, with American Eagle reporting total net revenue of $1.2 billion in its first quarter, up 10% from last year, and The Children's Place posting an 11.1% decline in net sales to $215.2 million and an operating loss of $42.2 million. The practice of selling refund rights has become more common as businesses seek liquidity, with inquiries jumping at least 50% since early June, according to a business loan advisory firm.