The Children's Place Retail Stores, Inc. Names Ivy Ross Senior Vice President, Chief Creative Officer of Disney Store North America

January 12, 2007
SECAUCUS, N.J., Jan 12, 2007 (PrimeNewswire via COMTEX News Network) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE), today announced the appointment of Ivy Ross, 51, as Senior Vice President, Chief Creative Officer, Hoop Retail Stores, LLC, the owner and operator of Disney Store North America. Ms. Ross will join the Disney Store on January 23, 2007, and report directly to Tara Poseley, President, Disney Store.

Ms. Ross most recently served as Executive Vice President of Product Design & Development from the Old Navy division of Gap, Inc. Prior to that, Ms. Ross held the position of Senior Vice President of Worldwide Product Design & Brand Image for the Girls Division of Mattel, Inc., where she was responsible for design of toys, as well as packaging, licensed product, and brand imaging for the girl's division. Before Mattel, Ms. Ross has more than 20 years of experience in various management positions in product design and development at brands such as Calvin Klein, Coach, Liz Claiborne and Avon. Ms. Ross completed programs in industrial design at Syracuse University School of Design, and in Jewelry Design at the Fashion Institute of Technology. She also completed the Professional Management Development Program at Harvard Business School.

"We are delighted to welcome Ivy to our team," said Tara Poseley, President, Disney Store. "Ivy brings an extensive background of innovative product design expertise in hardlines and softlines and her passion for design and innovative thinking make her uniquely qualified for this newly-created role. Ivy will oversee the creative aspects for the Disney Store brand and will be an integral part in our continued efforts to elevate the product and guest experience."

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 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.

This news release was distributed by PrimeNewswire, www.primenewswire.com

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

The Children's Place Retail Stores Inc.
Heather Anthony, Senior Director, Investor Relations
(201) 558-2865

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