SECAUCUS, N.J., Jan. 31, 2007 (PRIME NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today announced that it will release its preliminary third quarter 2006 financial results on Thursday, February 1, 2007 at approximately 7:00 a.m. Eastern Time. In conjunction with its release, you are invited to listen to the Company's live conference call beginning at 8:30 a.m. Eastern Time.

To access the call, please visit the Investor Relations section of the Company's website at:

http://www.childrensplace.com

or dial (785) 830-7975, and provide the conference ID: PLCE
Please call approximately 10 minutes prior to 8:30 AM (ET)

A replay of the call will be available approximately one hour after the conclusion of the call, until midnight on Thursday, February 8, 2007. To access the replay, please dial 402-220-0489, or you may listen to the audio archive on 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 December 30, 2006, the Company owned and operated 866 The Children's Place stores and 334 Disney Stores in North America and The Children's Place online store located 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. 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 Children's Place or any other person that the events or circumstances described in such statement are material.

CONTACT: The Children's Place Retail Stores, Inc.
Susan Labar, Manager, Investor Relations
(201) 453-6955