SECAUCUS, N.J.--(BUSINESS WIRE)--June 30, 2003--The Children's Place Retail Stores, Inc. (Nasdaq: PLCE), today announced that its merchandise offering can now be found at the Apparel & Accessories Store on Amazon.com. This new relationship gives customers another means to shop The Children's Place brand online, in addition to the existing online store located at www.childrensplace.com.

The Children's Place online store on Amazon.com is located at http://www.amazon.com/childrensplace. Amazon.com's Apparel & Accessories Store is located at http://www.amazon.com/apparel.

Amazon.com will manage the web site and the customer shopping experience through the actual purchase, allowing customers to combine their purchases with the site's other product offerings. All fulfillment, delivery and post-purchase customer service will be handled by The Children's Place.

"We are very excited to offer our merchandise on Amazon.com, the Internet's most popular retail shopping site," said Mario Ciampi, Senior Vice President of Store Development and Logistics at The Children's Place. "As online apparel shopping is fast becoming an established distribution channel, we are pleased to offer our brand on such an easily accessible and highly trafficked site as Amazon.com. This relationship is a win-win for everyone involved and most importantly, for our customers."

The Children's Place Retail Stores, Inc. is a leading specialty retailer of high quality, value-priced apparel and accessories for children, newborn to age ten. The Company designs, contracts to manufacture and sells its products under the "The Children's Place" brand name. As of May 31, 2003, the Company operated 670 stores, including 637 stores in the United States and 33 stores in Canada. The Company also sells its merchandise through its virtual store located at http://www.childrensplace.com/.

This press release 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 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.

    CONTACT: The Children's Place
             Investors and Financial Media:
             Heather Anthony, Investor Relations, 201/558-2865
             Consumer Media and General Inquiries:
             Andrea McClarren, Marketing Manager, 201/558-2316

    SOURCE: The Children's Place