The Children's Place approves $100mn share repurchase

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of Directors has instituted a quarterly dividend and has approved a $100 million share repurchase authorization as part of the Company's strategy to return excess capital to shareholders.

 

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of #

Jane Elfers, President and Chief Executive Officer, commented, "The Children's Place has a profitable business model which generates strong cash flow. Over the past five years, we have returned over $400 million to shareholders through share repurchases. The initiation of a quarterly dividend and the new share repurchase authorization reflect our confidence in our ability to execute on our growth strategies and our continuing commitment to return excess capital to shareholders."

 

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of #

The Board authorized a quarterly cash dividend of $0.1325 per share to be paid April 17, 2014 for shareholders of record at the close of business on March 27, 2014. The quarterly dividend is the first for The Children's Place since becoming a public company in 1997. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Company's Board of Directors based on a number of factors, including business and market conditions, the Company's future financial performance and other investment priorities.

 

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of #

The share repurchase authorization announced today permits the Company to repurchase shares in the open market at current market prices at the time of purchase or in privately negotiated transactions.

 

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of #

The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market and business conditions, and the Company may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement.

 

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of #

In conjunction with the expanded capital return program, the Company amended its existing credit facility to increase its line of credit to $200 million from $150 million and to permit dividend payments on the same basis as stock repurchases. It also extended the agreement an additional year to August 2018.

 

The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that its Board of #

About The Children's Place Retail Stores, Inc.

The Children's Place is the largest pure-play children's specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary "The Children's Place," "Place" and "Baby Place" brand names.