Children's Place Retail Stores Inc. said Monday that it agreed to sell its Disney Stores to Walt Disney Co. for $50 million to $55 million, less than earlier indicated.

The Secaucus, N.J.-based-based subsidiary of Hoop Retail Stores LLC at one point operated 322 Disney Stores in North America before filing for Chapter 11 bankruptcy last week.

The retailer said that it was planning to sell 180 stores to the Burbank-based Disney and its affiliates and added that it expects an “orderly wind down” of the 142 stores that Disney is not buying.

When Children's Place announced its bankruptcy, it also said it was planning to sell the stores for $55 million and $65 million – depending on the value of existing inventory.

Children’s Place bought the stores from Disney nearly four years ago and was never able to make them profitable, claming more than $30 million in losses over that span.

The agreement calls for Disney to pay $4 million for the assignment of a lease of a Pasadena office that is occupied by Children’s Place.