SECAUCUS, N.J.--(BUSINESS WIRE)--July 21, 2004--The Children's Place Retail Stores, Inc. (Nasdaq: PLCE), today announced that Nina Miner, 55, has been promoted to Senior Vice President, Design & Trend Development, from her previous position of Vice President, Design & Trend Development.

"Nina drives our brand image with her creative flare, vision and unique sense of style," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place. "Nina's talent, deep understanding of our customer and excellent partnership with our merchandising team will continue to positively impact our business, and we are thrilled to present her with this much deserved promotion."

Ms. Miner joined The Children's Place in 1990 as Vice President, Design and Product Development and over the past 14 years has led the design and trend departments of The Children's Place. Prior to The Children's Place, Ms. Miner held various management positions at E.J. Gitano.

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 July 3, 2004, the Company operated 712 stores, including 665 stores in the United States and 46 stores in Canada and one store in Puerto Rico. 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.