Tom & Stefanie down to three stores from 10 as founders' daughter aims to keep business going

Children's apparel retailer Tom & Stefanie has reduced its physical retail footprint from 10 locations down to three stores. The business is currently being steered by the founders' daughter, who shares the name Stefanie.

Having grown up assisting at the family's retail outlets, the younger Stefanie has stated her intention to keep the business operational primarily to support longtime employees who have remained with the company for nearly two decades.