Home / Knowledge / News / Apparel/Garments / The Children's Place delays filing of Q2 2006 form 10-Q

The Children's Place delays filing of Q2 2006 form 10-Q

Sep '06
The Children's Place Retail Stores Inc announced that it will delay the filing of its Quarterly Report on Form 10-Q for the quarter ended July 29, 2006 with the Securities and Exchange Commission.

This delay will allow time for the Company to complete an analysis of the accounting treatment for its past stock option grants and to determine the extent of any corrections that may be required to its previously reported financial results.

On August 24, 2006, at the request of the Company's audit committee, the Company's outside counsel began an investigation into the Company's stock option practices. Outside counsel delivered its findings to the audit committee on September 6, 2006.

The investigation found various instances in which the Company's records did not correctly reflect the legal grant date for stock options granted to employees and directors of the Company, resulting in errors in the dating of these stock options.

The report concluded that, except for one occasion in 2001, as to which the report was inconclusive, the errors in the granting and recording of stock options were unintentional.

The Company is currently engaged in an analysis of the accounting treatment of its stock option grants since its initial public offering in 1997 to determine the extent of any corrections that may be required to its previously reported financial results. The Company cannot predict when this analysis will be completed.

While the Company expects that some corrections to its reported financial results will be necessary, it is not yet able to estimate the aggregate amount of any such corrections or whether such corrections would be material.

Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Dr. A Sakthivel,

Dr. A Sakthivel

Incorporated in 1978, the Apparel Export Promotion Council (AEPC) is the...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Tory Burch Hong Kong Ltd
International Textile Manufacturers Federation
Sainsbury's Argos Asia Limited
Rayonese Textile Inc., Division de Culp Inc.
Groz-Beckert East Asia LLP
Restoque S.A.
Grasim Industries Limited
Eastman Chemical Company
Truetzschler India Private Limited
Hela Clothing Pvt Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Lacoste (Wanchai)
John Varvatos
Green Fibre
PVH Corporation
NITI Aayog
Alix Partners
Midas Clothing Limited
SHAHI Exports Pvt Ltd
Lululemon Athletica Inc
Rosset ;& Cia Limited
Vianney Textil Hogar S.A. De C.V.
Cat Tuong Real Estate Group Joint Stock Company
Aramark Uniform ;& Career Apparel, LLC
Alison Hayes Romania
Boardriders Asia Sourcing Limited
G-Star Raw C.V.
Desigual - ABASIC, S.A.
Etam Group Strategy Hong Kong Limited
LC Waikiki
Sportswear Company Spa
Calvin Klein
IKEA of Sweden AB
Gatsby Africa
The Top Form Brassiere Manufacturing Company Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Target Corporation (MN)
H;&M Hennes ;& Mauritz (Far East) Ltd
OVS Hong Kong Sourcing Ltd.
J ;& P Coats
Chico’ FAS
KAS Direct Sourcing
Landmark Group
Bluestem Global Sourcing Limited
Gokaldas Exports Limited
Gloria Jeans
Under Armour Global Sourcing Ltd
Amazon China
Lisa S.P.A.
Sportmaster Ltd.
Hirdaramani International Export Private Limited
Tchibo GmbH
IDH – The Sustainable Trade Initiative
Esprit Europe Services GmbH
Phong Phu international JSC (PPJ)
Reiter India Private Limited
Helly Hansen Far East Ltd
Chori Company Limited
Seasalt Limited
Arvind Limited
Benetton Group
MAS Active / MAS Kreeda / MAS Bodyline
Tommy Hilfiger
T.T. Limited
Recron Polyester from Reliance Industries Limited
Gap International Sourcing Limited
C;&A Sourcing International Ltd
Vardhman Textile Ltd
Huntsman (Singapore) Pte Ltd
Maceton Limited
Page Industries Limited (Bangalore)
Guess Europe Sagl,
Brandix Lanka Limited
Lenzing Aktiengesellschaft

January 2022

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

Advanced Search