SECAUCUS, N.J.--(BUSINESS WIRE)--Nov. 20, 2003--The Children's Place Retail Stores, Inc. (Nasdaq: PLCE), today announced that Amy Hauk, 37, has been promoted to Senior Vice President, General Merchandise Manager, from her previous position of Vice President, Merchandising.

"Over the past year and a half, Amy and our talented merchandise process teams have developed and executed a winning merchandising strategy," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place. "We are confident that Amy's energy, leadership and strong merchandise skills will continue to positively impact our business, and we are delighted to present her with this much deserved promotion."

Ms. Hauk joined The Children's Place in April of 2002. Previously, Ms. Hauk spent six years with Gap Inc. (NYSE: GPS), in increasing roles of responsibility within the BabyGap and Old Navy concepts. Prior to Gap Inc., she was with Sunglass Hut for two years as a buyer. Ms. Hauk began her retailing career with Macy's West, where she spent six years, and received her Bachelors Degree from University of California at Davis.

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 November 1, 2003, the Company operated 689 stores, including 649 stores in the United States and 40 stores in Canada. The Company also sells its merchandise through its virtual store located at 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
             Heather Anthony, 201-558-2865

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