Home / Knowledge / News / Fashion / Children's Place to reduce fiscal 2008 capital expenditures
Children's Place to reduce fiscal 2008 capital expenditures
20
Mar '08
The Children's Place Retail Stores Inc announced its fiscal 2007 fourth quarter and full year financial results and also announced several important actions the Company is taking as a result of its strategic review process.

Summary Overview of Fiscal 2007 Fourth Quarter and Full Year Results:

• Consolidated net sales for the fourth quarter increased 4% to $670.9 million.
• Consolidated comparable store sales for the fourth quarter increased 3%.
• The Company's fourth quarter net loss was $58.5 million, or $2.01 per share for the thirteen-week period compared to net income of $44.7 million, or $1.48 per share in the fourteen-week period last year.
• Consolidated sales for the fiscal year increased 7% to $2,162.6 million.
• Consolidated comparable store sales for the fiscal year increased 2%
• Net loss for the full year was $59.6 million, or $2.05 per share, compared to net income of $87.4 million, or $2.92 per share last year.

A full overview of our fiscal 2007 fourth quarter and full year financial results is included below.

Update on Strategic Review -- Key Actions & Priorities:

As part of the Company's strategic review process first announced in October 2007, the Company is taking the following actions:
1. Exiting the Disney Store North America business
2. Enhancing Profitability through Workforce Reduction
3. Reducing Planned 2008 Capital Expenditure Budget
4. Inventory Strategy Update


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Top executives
Textile industry, India

The event should be organised every year

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search