The Children's Place Reports December Sales

January 7, 2010
SECAUCUS, N.J., Jan 7, 2010 (GlobeNewswire via COMTEX) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today announced net sales of $224.4 million for the five-week period ended January 2, 2010, a 10% increase compared to net sales of $204.6 million for the five-week period ended January 3, 2009. Comparable retail sales, which include online sales, increased 4% in December 2009 on top of a 5% increase in December 2008. During December 2009, comparable store sales increased 3% in the U.S. and declined 6% in Canada, while online sales increased 54%.

The Company did not open or close any stores during December 2009.

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                                 December       Fiscal Year-to-Date
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                               2009    2008        2009      2008
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 Net Sales:
  -  In Millions              $224.4  $204.6     $1,548.5  $1550.1
  -  Change vs. Year Ago         +10%     +2%           0%      +8%
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 Comparable Retail Sales:
  -  Change vs. Year Ago          +4%     +5%          -3%      +5%
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In conjunction with today's December 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, January 14, 2010. To access the call, please visit http://investor.childrensplace.com.

About The Children's Place Retail Stores, Inc.

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 January 2, 2010, the Company owned and operated 953 The Children's Place stores and an online store at www.childrensplace.com.

Forward-Looking Statements

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 annual report on Form 10-K for the fiscal year ended January 31, 2009. Included among the risks and uncertainties that could cause actual results, events and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, and the risks 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. 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

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

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

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