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

Fashion | On 26th Jul 2016

Finally, Myntra buys Jabong

Putting an end to months of speculation, online fashion e-retailer...

Apparel/Garments | On 26th Jul 2016

British clothing retailers face Brexit double whammy

With online rivals already giving them a hard time, Britain's major...

Courtesy: Chanel

Fashion | On 26th Jul 2016

Chanel acquires 4 silk companies to firm up supplies

Continuing its trend to secure access to high-end raw materials,...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search