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): September 6,
2007
THE
CHILDREN’S PLACE RETAIL STORES, INC.
(Exact
name of registrant as specified in charter)
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Delaware
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0-23071
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31-1241495
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(State
or Other Jurisdiction of
Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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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
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
8.01 Other Events
On
September 6, 2007, The Children’s Place Retail Stores, Inc., (the “Company”)
issued a press release containing its sales results for the four-week period
ended September 1, 2007.
A
copy of
the Company’s press release is included as Exhibit 99.1 hereto.
Item
9.01 Financial Statements and Exhibits
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(a)
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Financial
Statements of Business Acquired: Not applicable
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(b)
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Pro
Forma Financial Information: Not applicable
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(c)
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Exhibits:
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99.1
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Press
Release dated September 6,
2007.
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[SIGNATURE
BLOCK FOLLOWS]
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.
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THE
CHILDREN’S PLACE RETAIL STORES, INC.
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By
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/s/ Susan Riley |
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Name:
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Susan
Riley
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Title:
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Executive
Vice President, Finance
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and
Administration
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||
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Dated:
September 6, 2007
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||
FOR
IMMEDIATE RELEASE
THE
CHILDREN’S PLACE RETAIL STORES, INC. REPORTS AUGUST SALES
RESULTS
Secaucus,
New Jersey - September 6, 2007 - The Children’s Place Retail Stores, Inc.
(Nasdaq: PLCE)
today
announced sales results for the four-week period ended September 1, 2007.
Total
sales for the four-week period ended September 1, 2007 increased 20% to $185.8
million compared to sales of $155.4 million for the four-week period ended
August 26, 2006. Consolidated comparable store sales increased 5% compared
to
last year’s 17% increase. During August, the Company opened six Children’s Place
stores.
Total
Sales (millions):
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August
2007
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August
2006
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%
Increase
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Year-to-Date
2007
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Year-to-Date
2006
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%
Increase
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|
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The
Children’s Place brand
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$140.4
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$115.8
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21%
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$
786.9
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$707.2
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11%
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Disney
Store
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$
45.4
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$
39.6
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15%
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$
302.1
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$270.3
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12%
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Total
Company
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$185.8
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$155.4
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20%
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$1,089.0
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$977.5
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11%
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Comparable
Store Sales Increase1:
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August
2007
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August
2006
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Year-to-Date
2007
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Year-to-Date
2006
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The
Children’s Place brand
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4%
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16%
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2%
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12%
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Disney
Store
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6%
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23%
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4%
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17%
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Total
Company
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5%
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17%
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2%
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13%
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In
conjunction with today’s August 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, September 13, 2007. To access
the
call, please dial (402) 220-0681 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 September 1, 2007, the
Company owned and operated 889 The Children’s Place stores and 328 Disney Stores
in North America and its online stores at www.childrensplace.com
and
www.disneystore.com.
-
more
-
PLCE:
August 2007 Sales Release
Page
2
1
As
previously announced, due to the extra week in fiscal 2006, the Company’s fiscal
2007 comparable store sales have shifted by one week as compared to the
corresponding period of fiscal 2006. References made today and going forward
regarding last year’s comparable store sales results, in view of the shift, will
be on the “adjusted” basis. For a breakdown of the Company’s fiscal 2006
comparable store sales on an “as reported” and “as adjusted” basis, please refer
to the Company’s March 8, 2007, press release.
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 pending Nasdaq
proceedings regarding the Company’s continued listing, 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. The Company undertakes 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
###