SECAUCUS, N.J., Sep 4, 2008 (GlobeNewswire via COMTEX News Network) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today announced sales of $145.1 million for the four-week period ended August 30, 2008, a 3% increase compared to sales of $140.4 million for the four-week period ended September 1, 2007. Comparable store sales were flat compared to a 4% increase last year. During August 2008, the Company opened six stores.

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                                    August           Year-to-Date
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                                2008      2007      2008      2007
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 Total Sales:
 -  In Millions               $145.1     $140.4    $883.3    $786.9
 -  Change vs. Year Ago          +3%       +21%      +12%      +11%
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 Comparable Store Sales:
 -  Change vs. Year Ago           0%        +4%       +6%       +2%
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In conjunction with today's August 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, September 11, 2008. To access the call, please dial 1-800-388-9064 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 August 30, 2008, the Company owned and operated 908 The Children's Place stores and its 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.

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

The Children's Place Retail Stores, Inc.
Jane Singer, Vice President, Investor Relations
(201) 453-6955