Home / Knowledge / News / Apparel/Garments / Children's Place continues capital return program
Children's Place continues capital return program
25
Aug '14
The Children's Place, the largest pure-play children's specialty US apparel retailer, announced quarterly cash dividend of $0.1325 per share and said it will also continue its share repurchase program.

In an earlier statement, Children's Place said that during the second quarter of 2014, the retailer repurchased 301,301 shares for approximately $14.5 million.

The retailer added that at the end of the second quarter, $73.7 million of the $100 million share repurchase program authorized in March 2014, remained available for future share repurchases.

CEO Jane Elfers informed, "The continuation of the quarterly dividend is a further reflection of our confidence in our ability to execute on our growth strategies and our continuing commitment to return excess capital to shareholders.

She added, “The Children's Place has a profitable business model which generates strong cash flow. Over the past five years, we have returned over $450 million to shareholders through dividends and share repurchases," concluded Ms. Elfers.

The quarterly cash dividend will be paid on October 17, 2014 to shareholders of record at the close of business on September 26, 2014.

The Children's Place manages 1,113 stores in the United States, Canada and Puerto Rico, an online store and 54 international stores operated by its franchise partners.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search