Merchandise retailer Children's Place Jan sales gain 9%
04 Feb '06
2 min read
Leading specialty retailer of children's merchandise Children's Place Retail Stores, Inc announced that for the four-week period ended January 28, 2006, comparable store sales for The Children's Place stores increased 9 percent on top of a 21 percent increase for the same period last year.
Total consolidated sales for the Company increased 10 percent to $87.0 million, compared to sales of $78.9 million reported for January 2005.
January sales included $62.4 million from The Children's Place, a 17 percent increase compared to last year's sales of $53.3 million, and $24.6 million from Disney Store, a 4 percent decrease compared to last year's sales of $25.6 million.
Consistent with the Company's comparable store sales definition, Disney Store will enter the comparable store base in February 2006. During January 2006, the Company closed six Disney Stores.
The Children's Place plans to report full fourth quarter results on Thursday, March 9, 2006.
The Company will host a conference call on that date to be broadcast live via webcast at 9:00 am Eastern Time.
Interested parties can access the webcast via the Company's website.
The Children's Place Retail Stores Inc is a leading specialty retailer of children's merchandise.
The Company designs, contracts to manufacture and sells high-quality, value-priced merchandiseunder the proprietary "The Children's Place" and licensed "Disney Store" brand names.
As of January 28, 2006, the Company owned and operated 802 The Children's Place stores and 317 Disney Stores in North America.
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