SECAUCUS, N.J.--(BUSINESS WIRE)--July 6, 2006--The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) today announced sales results for the five-week period ended July 1, 2006.

June 2006

• Total consolidated sales for the five-week period ended July 1, 2006, increased 21% to $151.7 million, compared to sales of $125.4 million reported for June 2005. Consolidated comparable store sales increased 14% in June.
• The Children's Place brand's sales were $98.3 million, a 23% increase compared to last year's sales of $80.0 million. Comparable store sales increased 15% on top of last year's 2% increase.
• Disney Store's sales were $53.4 million, an 18% increase compared to last year's sales of $45.4 million. Comparable store sales increased 12%.
• During June, the Company opened nine Children's Place stores and two Disney Stores.

Year-to-Date Period

• Total consolidated sales for the twenty-two weeks ended July 1, 2006, increased 18% to $691.1 million, compared to sales of $585.0 million reported for the same period last year. Consolidated comparable store sales increased 12% for the year-to-date period.
• The Children's Place brand's sales were $500.0 million for the twenty-two week period, an 18% increase compared to last year's sales of $424.2 million. Comparable store sales increased 11% on top of last year's 9% increase.
• Disney Store's sales were $191.1 million, a 19% increase compared to last year's sales of $160.8 million. Comparable store sales increased 15%.
• For the year-to-date period, the Company opened 20 Children's Place stores and closed two. In addition, the Company opened four Disney Stores and closed two.

"We are pleased with the continued sales strength at The Children's Place and Disney Store brands," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place Retail Stores, Inc. "Our broad appeal and ability to continue to introduce new customers to our brands is reflected in increases in comparable store sales transactions at both brands. At Disney Store, we are delighted with the positive guest response to our unique Cars assortment as well as the early positive response to our unique merchandise in support of Walt Disney Picture's Pirates of the Caribbean: Dead Man's Chest."

In conjunction with today's June sales release, you are invited to listen to the Company's pre-recorded monthly sales call, which will be available beginning at 7:30 a.m. Eastern Time today through Thursday, July 13, 2006. To access the call, please dial (402) 220-1182 or you may listen through the Investor Relations section of 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 July 1, 2006, the Company owned and operated 820 The Children's Place stores and 319 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 Riley, 201-558-2400
OR
Susan LaBar, 201-453-6955

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