UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant to
Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
report (Date of earliest event reported):
October
8, 2008
THE
CHILDREN’S PLACE RETAIL STORES, INC.
(Exact
Name of Registrants as Specified in Their Charters)
Delaware
(State
or
Other Jurisdiction of Incorporation)
|
0-23071
|
31-1241495
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
915
Secaucus Road, Secaucus, New Jersey
|
07094
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(201)
558-2400
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
| Item 7.01 |
Regulation
FD Disclosure
|
On
October 8, 2008, The Children’s Place Retail Stores, Inc. (the “Company”) issued
a press release containing the Company's sales results for the five-week period
ended October 4, 2008. A copy of the press release is being furnished as Exhibit
99.1 to this Current Report on Form 8-K.
In
accordance with General Instructions B.2 of Form 8-K, the information in this
Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liability of that section, nor shall it
be
deemed incorporated by reference in any filing under the Securities Act of
1933,
as amended, except as shall be expressly set forth by specific reference in
such
a filing.
Forward
Looking Statements
This
Current Report on Form 8-K, including Exhibit 99.1, contains forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements typically are
identified by use of terms such as “may,” “will,” “should,” “plan,” “expect,”
“anticipate,” “estimate” and similar words, although some forward-looking
statements are expressed differently. Forward-looking statements represent
our
management’s judgment regarding future events. Although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, the Company can give no assurance that such expectations will prove
to be correct. All statements other than statements of historical fact included
in this Current Report on Form 8-K are forward-looking statements. The Company
cannot guarantee the accuracy of the forward-looking statements, and you should
be aware that the Company’s actual results could differ materially from those
contained in the forward-looking statements due to a number of factors,
including the statements under the heading “Risk Factors” contained in the
Company’s filings with the Securities and Exchange Commission.
| Item 9.01 |
Financial
Statement and Exhibits.
|
| (d) |
Exhibits.
|
| Exhibit 99.1 |
Press
release, dated October 8, 2008, issued by the Company regarding the
Company's sales results for the five-week period ended October 4,
2008
(Exhibit 99.1 is furnished as part of this Current Report on Form
8-K).
|
2
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:
October 8, 2008
| THE CHILDREN’S PLACE RETAIL STORES, INC. | ||
| |
|
|
| By: | /s/ Susan J. Riley | |
|
Name: Susan J. Riley |
||
| Title: Executive Vice President, Finance and Administration | ||
3
FOR
IMMEDIATE RELEASE
THE
CHILDREN’S PLACE RETAIL STORES, INC. REPORTS SEPTEMBER
SALES
Secaucus,
New Jersey - October 8, 2008 - The Children’s Place Retail Stores, Inc. (Nasdaq:
PLCE)
today
announced net sales of $160.7 million for the five-week period ended October
4,
2008, a 2% increase compared to net sales of $157.1 million for the five-week
period ended October 6, 2007. Comparable store sales were flat compared to
a 2%
decrease last year. During September 2008, the Company opened two stores and
closed one.
|
|
September
|
Fiscal
Year-to-Date
|
||
|
2008
|
2007
|
2008
|
2007
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|
|
Net
Sales:
-
In Millions
-
Change vs. Year Ago
|
$160.7
+2%
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$157.1
+3%
|
$1,044.0
+11%
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$944.0
+10%
|
|
Comparable
Store Sales:
-
Change vs. Year Ago
|
0%
|
(2)%
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+5%
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+1%
|
In
conjunction with today’s September 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 Wednesday, October 15, 2008. To access
the call, please dial 1-800-839-4088 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” brand name. As of October 4, 2008, the Company owned and operated 909
stores and an online store 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. Some of these risks and uncertainties are described in the Company's
filings with the Securities and Exchange Commission, including in the “Risk
Factors” section of its report on Form 10-K. The following risks and
uncertainties could cause actual results, events and performance to differ
materially: the risk that the Company will be unsuccessful in gauging fashion
trends and changing consumer preferences, the risk resulting from the highly
competitive nature of the Company’s business and its dependence on consumer
spending patterns, which may be affected by the downturn in the economy, and
risks and uncertainties relating to other elements of the Company’s strategic
review. 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
they were made. The Company undertakes 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 Company or any other person that the events
or
circumstances described in such statement are material.
| CONTACT: |
The
Children’s Place Retail Stores, Inc.
Jane Singer, Vice President, Investor
Relations, (201) 453-6955
|
###
