Children's Place announces March sales results

10 Apr '08

2 min read

The Children's Place Retail Stores Inc announced sales of $160.1 million for the five-week period ended April 5, 2008, a 3% increase compared to sales of $155.7 million for the five-week period ended April 7, 2007. Comparable store sales decreased 3% compared to last year's 5% comparable store sales increase.

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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 and therefore will no longer provide monthly sales results for the DSNA business. The discontinued operations will be reflected in the Company's Form 10-Q for the first quarter ended May 3, 2008.

In a separate press release this morning, the Company announced that Jill Kronenberg, Senior Vice President, General Merchandise Manager, has resigned in order to spend more time with her family, and that it is promoting Dina Sweeney and Celeste Risimini-Johnson who between them will divide the responsibilities of Ms. Kronenberg. For more information, please see the press release.

In conjunction with today's March sales release, 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, April 17, 2008.

Children's Place Retail Stores Inc

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