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Kids clothing Co Children's Place July Comp Store sales soar 8%

05
Aug '05
Kids specialty clothing and accessories retailer The Children's Place Retail Stores Inc announced total consolidated sales of $102.9 million for the four-week period ended July 30, 2005, a 70 percent increase compared to sales of $60.4 million reported for July 2004.

July sales were comprised of $71.7 million in sales from The Children's Place, a 19 percent increase over last year, and $31.2 million in sales from Disney Store. Comparable store sales for The Children's Place stores increased 8 percent, on top of a 14 percent increase for the same period last year. During July, the Company opened seven Children's Place stores.

Sales for the second quarter increased 68 percent to $318.7 million, from $189.2 million reported in the year ago period. Second quarter sales were comprised of $215.3 million from The Children's Place, a 14 percent increase over last year, and $103.4 million in sales from Disney Store.

Comparable store sales for The Children's Place increased 4 percent, on top of last year's 10 percent increase. During the second quarter the Company opened 16 Children's Place stores, and closed one. In addition, the Company opened one Disney Store during the second quarter.

Total consolidated sales for the twenty-six weeks ended July 30, 2005, were $687.9 million, a 66 percent increase compared to sales of $414.9 million reported for the same period last year. Sales for the twenty-six weeks were comprised of $495.9 million from The Children's Place, a 20 percent increase over last year, and $192.0 million in sales from the Company's Disney Store business.


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