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):
December
4, 2008
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THE
CHILDREN’S PLACE RETAIL STORES, INC.
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(Exact
Name of Registrants as Specified in Their
Charters)
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Delaware
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(State
or Other Jurisdiction of
Incorporation)
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0-23071
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31-1241495
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(Commission
File Number)
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(IRS
Employer Identification No.)
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915
Secaucus Road, Secaucus, New Jersey
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07094
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(201)
558-2400
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(Registrant’s
Telephone Number, Including Area
Code)
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Not
Applicable
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(Former
Name or Former Address, if Changed Since Last
Report)
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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):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
7.01
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Regulation
FD Disclosure
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On
December 4, 2008, The Children’s Place Retail Stores, Inc. (the “Company”)
issued a press release containing the Company's sales results for the four-week
period ended November 29, 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
the
Company’s 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.
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Item
9.01
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Financial
Statement and Exhibits.
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(d)
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Exhibits.
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Exhibit
99.1
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Press
release, dated December 4, 2008, issued by the Company regarding
the
Company's sales results for the four-week period ended November 29,
2008
(Exhibit 99.1 is furnished as part of this Current Report on Form
8-K).
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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:
December 4, 2008
| THE CHILDREN’S PLACE RETAIL STORES, INC. | ||
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| By: | /s/ Susan J. Riley | |
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Name: Susan
J. Riley
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Title: Executive
Vice President, Finance
and
Administration
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||
FOR
IMMEDIATE RELEASE
THE
CHILDREN’S PLACE RETAIL STORES, INC. REPORTS NOVEMBER SALES
Secaucus,
New Jersey - December 4, 2008 - The Children’s Place Retail Stores, Inc.
(Nasdaq: PLCE)
today
announced net sales of $156.6 million for the four-week period ended November
29, 2008, a 3% decrease compared to net sales of $160.9 million for the
four-week period ended December 1, 2007. Comparable store sales declined
7%
compared to an 8% increase last November. During November 2008, the Company
opened two stores and closed one.
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November
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Fiscal
Year-to-Date
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Net
Sales:
-
In Millions
-
Change vs. Year Ago
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2008
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2007
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2008
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2007
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$156.6
(3)%
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$160.9
+21%
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$1,345.5
+9%
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$1,237.9
+10%
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Comparable
Store Sales:
-
Change vs. Year Ago
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(7)%
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+8%
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+3%
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+2%
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In
conjunction with today’s November 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, December 11, 2008. To access
the call, please dial 1-800-753-4652 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 November 29, 2008, the Company owned and operated 921
The Children’s Place 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
###
