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Children's Place sees 24% growth in April
08
May '08
The Children's Place Retail Stores Inc announced sales of $128.7 million for the four-week period ended May 3, 2008, a 24% increase compared to sales of $104.2 million for the four-week period ended May 5, 2007.

Comparable store sales increased 15% compared to last year's 1% decrease. During the month the Company opened one store and closed one store.

As a result of the Company's decision to exit the Disney Store North America (DSNA) business, the Company will report the results of the DSNA business as discontinued operations from the beginning of the fiscal year.

Therefore, the above sales results reflect The Children's Place brand only. The discontinued operations will be reflected in the Company's first quarter press release and Form 10-Q for the first quarter ended May 3, 2008.

In conjunction with April sales release, company invited to listen to the Company's pre-recorded monthly sales call, which will be available beginning at 7:30 a.m. Eastern Time today through Thursday, May 15, 2008.

The Company plans to report first quarter results on Thursday, May 22, 2008. The Company will host a conference call on that date to be broadcast live at 10:00 a.m. Eastern Time.

The call will also be webcast live and can be accessed via the Company's web site. A replay of the call will be available approximately one hour after the conclusion of the call, until midnight on May 29, 2008.

Children's Place Retail Stores Inc

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Courtesy: India ITME

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