Company Opens 800th Children's Place Store & Celebrates 1st Anniversary of the Disney Store Acquisition

SECAUCUS, N.J.--(BUSINESS WIRE)--Dec. 1, 2005-- The Children's Place Retail Stores, Inc. (Nasdaq: PLCE), today announced that for the four-week period ended November 26, 2005, comparable store sales for The Children's Place stores increased 12% on top of a 9% increase for the same period last year. Total consolidated sales for the Company increased 40% to $166.0 million, compared to sales of $118.6 million reported for November 2004. November sales included $114.4 million from The Children's Place, a 20% increase compared to last year's sales of $95.4 million, and $51.6 million from Disney Store. November sales results reflect four weeks of Disney Store business versus only one week last year. Disney Store sales in week four of November 2005 were $21.4 million, versus $23.2 million last year. During November 2005, the Company opened 14 Children's Place stores and two Disney Stores.

Total sales for the forty-three weeks ended November 26, 2005 increased 59% to $1,295.1 million, from $814.1 million reported in the year ago period. Sales for the forty-three weeks were comprised of $930.4 million from The Children's Place, an 18% increase over last year, and $364.7 million in sales from the Company's Disney Store business. Comparable store sales for The Children's Place increased 8%, on top of a 14% increase in the same period last year. Through November 26, 2005, the Company has opened 53 Children's Place stores and closed three. In addition, the Company has opened 18 Disney Stores and closed one.

"We are pleased with our November comparable store sales results, especially during Thanksgiving week, when we achieved a 19% comparable store sales increase at The Children's Place on top of last year's 10% increase," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place Retail Stores, Inc. "At Children's Place, the clarity of our fashion, quality and price message drove significant increases in customer traffic, conversion and average transaction size. At Disney Store, sales in week four were down compared to last year as we were less promotional than a year ago. Our increased inventory level and planned promotions should drive traffic and customer excitement through the remainder of the Holiday selling season and semi-Annual sale."

In conjunction with The Children's Place 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 8, 2005. 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 November 26, 2005, the Company owned and operated 800 The Children's Place stores and 323 Disney Stores in North America and its online store, 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
Heather Anthony, 201-558-2865

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