SECAUCUS, N.J.--(BUSINESS WIRE)--Aug. 7, 2006--The Children's Place Retail Stores, Inc. (NASDAQ:PLCE) today announced that in conjunction with the release of its second quarter 2006 financial results, you are invited to listen to the Company's live conference call on Thursday, August 17, 2006, beginning at 10:00 a.m. Eastern Time.

To access the webcast, please visit the Investor Relations section of the Company's website at:

http://www.childrensplace.com

An archive of the webcast can be accessed one hour after the live call has concluded and will be available through Thursday, August 24, 2006.

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 29, 2006, the Company owned and operated 822 The Children's Place stores and 320 Disney Stores in North America and The Children's Place online store located at www.childrensplace.com.

This press release and above referenced webcast 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 webcast) 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 LaBar, Investor Relations Analyst, 201-453-6955

SOURCE: The Children's Place