SECAUCUS, N.J., Jun 01, 2006 (BUSINESS WIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) today announced sales results for the four-week period ended May 27, 2006.

May 2006

• Total consolidated sales increased 25% to $112.7 million, compared to sales of $90.4 million reported for May 2005. May sales included $79.6 million from The Children's Place brand, a 25% increase compared to last year's sales of $63.5 million, and $33.1 million from Disney Store, a 23% increase compared to last year's sales of $26.9 million.
• Consolidated comparable store sales increased 18% in May.
• The Children's Place brand's comparable store sales increased 17% on top of last year's 2% increase.
• Disney Store's comparable store sales increased 22%.
• During May, the Company opened three Children's Place stores and closed one. In addition, the Company opened two Disney Stores.

Year to Date Period

• Total consolidated sales for the seventeen weeks ended May 27, 2006, increased 17% to $539.3 million, compared to sales of $459.6 million reported for the same period last year. Sales for the seventeen weeks included $401.7 million from The Children's Place brand, a 17% increase compared to last year's sales of $344.2 million, and $137.6 million from Disney Store, a 19% increase compared to last year's sales of $115.4 million.
• Consolidated comparable store sales increased 11% for the year-to-date period.
• The Children's Place brand's comparable store sales increased 10% on top of last year's 11% increase.
• Disney Store's comparable stores sales increased 16%.
• For the year-to-date period, the Company opened 11 Children's Place stores and closed two. In addition, the Company opened two Disney Stores and closed two.

"We are pleased with the continued momentum we are experiencing at both brands," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place. "Our strong sales results at The Children's Place brand were driven by significant increases in customer conversion and store traffic, which indicates that we continue to attract new customers. At Disney Store, we are pleased with the brand's strength and the customer response to our strategic initiatives, which is demonstrated by the continued increases in customer traffic."

In conjunction with The Children's Place May sales release, you are 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, June 8, 2006. To access the call, please dial (402) 220-1182 or you may listen through the Investor Relations section of the Company's website, www.childrensplace.com.

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 merchandise under the proprietary "The Children's Place" and licensed "Disney Store" brand names. As of May 27, 2006, the Company owned and operated 811 The Children's Place stores and 317 Disney Stores in North America and its online store, www.childrensplace.com.

This press release and above referenced call may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers or listeners (on the call) are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Children's Place or any other person that the events or circumstances described in such statement are material.

SOURCE: The Children's Place Retail Stores, Inc.

The Children's Place Retail Stores, Inc.
Susan Riley, 201-453-7160
OR
Susan LaBar, 201-453-6955