UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported) February 8,
2007
THE
CHILDREN’S PLACE RETAIL STORES, INC.
(Exact
name of registrant as specified in charter)
|
Delaware
|
0-23071
|
31-1241495
|
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
915
Secaucus Road, Secaucus, New Jersey, 07094
(Address
of Principal Executive Offices) (Zip Code)
(201)
558-2400
(Registrant’s
telephone number, including area code)
Not
applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
2.02 Results of Operations and Financial Condition
On
February 8, 2007, The Children’s Place Retail Stores, Inc. (the “Company”)
issued a press release regarding the Company’s sales results for the fiscal
month, quarter and year each ending February 3, 2007.
A
copy of
a press release relating to the foregoing is attached hereto as Exhibit
99.1
and is
incorporated in this Item 2.02 by reference.
The
information contained under this Item 2.02 shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly
set
forth by specific reference in such a filing.
Item
9.01. Financial Statements and Exhibits.
The
following exhibits are furnished herewith:
99.1
Press release of The Children’s Place Retail Stores, Inc. dated February 8,
2007
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| THE CHILDREN’S PLACE RETAIL STORES, INC. | ||
| |
|
|
| By: | /s/ Susan Riley | |
|
Name:
Susan Riley
Title:
Executive Vice President, Finance and Administration
|
||
|
Dated:
February 8, 2007
|
||
FOR
IMMEDIATE RELEASE
THE
CHILDREN’S PLACE RETAIL STORES, INC. REPORTS JANUARY SALES
Secaucus,
New Jersey - February 8, 2007 - The Children’s Place Retail Stores, Inc.
(Nasdaq: PLCE)
today
announced sales of $127.2 million for the five-week period ended February 3,
2007 versus sales of $87.0 million for the four-week period ended January 28,
2006. Consolidated comparable store sales for the four weeks ended February
3,
2007, increased 3% versus the corresponding four-week period last year. During January,
the Company opened two Children’s Place stores and closed two. In addition, the
Company closed six Disney Stores, similar to last year.
Total
Sales (millions):
|
January
2007
(5
weeks)
|
January
2006
(4
weeks)
|
%
Increase
|
Fourth
Quarter
2006
(14
weeks)
|
Fourth
Quarter
2005
(13
weeks)
|
%
Increase
|
Fiscal
2006
(53
weeks)
|
Fiscal
2005
(52
weeks)
|
%
Increase
|
|
|
The
Children’s
Place
brand
|
$
86.3
|
$62.4
|
38%
|
$416.8
|
$355.1
|
17%
|
$1,405.5
|
$1,171.0
|
20%
|
|
Disney
Store
|
$
40.9
|
$24.6
|
66%
|
$228.2
|
$184.6
|
24%
|
$
612.1
|
$
497.7
|
23%
|
|
Total
Company
|
$127.2
|
$87.0
|
46%
|
$645.0
|
$539.7
|
20%
|
$2,017.6
|
$1,668.7
|
21%
|
Comparable
Store Sales Increase/(Decrease):
|
January
2007
(4
weeks)
|
January
2006
(4
weeks)
|
Fourth
Quarter
2006
(13
weeks)
|
Fourth
Quarter
2005
(13
weeks)
|
Fiscal
2006
(52
weeks)
|
Fiscal
2005
(52
weeks)
|
|
|
The
Children’s Place brand
|
(6)%
|
9%
|
3%
|
11%
|
10%
|
9%
|
|
Disney
Store
|
27%
|
N/A
|
14%
|
N/A
|
14%
|
N/A
|
|
Total
Company
|
3%
|
N/A
|
6%
|
N/A
|
11%
|
N/A
|
In
conjunction with today’s January 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, February 15, 2007. 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.
-
more
-
PLCE:
January 2007 Sales Release
Page
2
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 February 3, 2007, the
Company owned and operated 866 The Children’s Place stores and 328 Disney Stores
in North America and The Children’s Place online store at 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, as well as the risks and
uncertainties relating to the Company's stock option grants and procedures
and
the recently completed investigation by the special committee of the Company’s
Board of Directors, the previously announced pending restatement of the
Company’s historical financial statements, the delays in filing the Company’s
periodic reports with the Securities and Exchange Commission, the outcome
of the
informal investigation of the Company being conducted by the Securities and
Exchange Commission, potential other governmental proceedings, the
shareholder litigation commenced against the Company and certain of its officers
and directors,
and
the potential impact of each
of these matters on the Company, as well as matters relating to the Company’s
discussions with The Walt Disney Company. 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 Company or any other person
that
the events or circumstances described in such statement are
material.
| CONTACT: |
The
Children’s Place Retail Stores, Inc.
Heather
Anthony, Senior Director, Investor Relations, (201) 558-2865
Susan
LaBar, Manager, Investor Relations, (201)
453-6955
|
###