November 2000 Monthly Sales Release
Secaucus, New Jersey - November 30, 2000 - The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) today announced sales of $59.4 million for the four-week period ended November 25, 2000, a 46% increase from sales of $40.8 million for the same period last year.Comparable store sales for the four-week period increased 13% versus a 1% increase in November 1999.
For the forty-three week period ended November 25, 2000, the Company's sales were $462.9 million, an increase of 42% over sales of $326.8 million for the same period last year. The Company's year-to-date comparable store sales increased 7% on top of an 18% increase in the prior-year period.
In conjunction with The Children's Place November Sales Release, you are invited to listen to the Company's pre-recorded November sales call with Seth Udasin, Chief Financial Officer and Treasurer. The call will be available beginning at 8:00am Eastern Time on November 30, 2000 through December 6, 2000. To access the call, please visit the following web address: www.childrensplace.com/Info/CompanyInfo.jsp or dial (703) 326-3020, access code #4792959
The Children's Place Retail Stores, Inc. is a leading specialty retailer of high quality, value-priced apparel and accessories for children, newborn to age twelve. The Company designs, contracts to manufacture and sells its products under the "The Children's Place" brand name. The Company currently operates 400 stores in 43 states and also sells its merchandise through its World Wide Website located at www.childrensplace.com.
This press release and above reference 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.