The Children's Place news and archive

The Children’s Place Q1 sales improve 70.6 percent

For its first quarter, The Children’s Place, Inc. said, net sales increased 180.3 million dollars or 70.6 percent to 435.5 million dollars compared to the three months ended May 2, 2020, driven by strong customer response to product assortment and the unprecedented level of stimulus payments from the recent government pandemic relief...

BusinessFeatured

The Children's Place Q4 sales decline, reports full year loss

The Children’s Place reported net sales decrease of 7.8 percent to 472.9 million dollars in the fourth quarter driven by the impact of permanent and temporary store closures and the negative impact of reduced operating hours in mall stores, as mandated by the mall owners. Comparable retail sales for the quarter increased 1 percent. Net income...

Business

The Children’s Place names Robert Helm as new CFO

The Children’s Place, Inc. has appointed Robert “Rob” F. Helm, senior vice president, finance & inventory management to Chief Financial Officer effective April 1, 2021. The company said, Helm replaces Michael Scarpa, age 65, who has decided to retire from The Children’s Place effective March 31, 2021. Helm will report to Jane Elfers, the company...

BusinessFeatured

The Children's Place reports 19 percent decline in Q3 net sales

The Children’s Place, Inc. said, net sales decreased 19 percent to 425.6 million dollars in the three months ended October 31, 2020, primarily as a result of a decrease in back-to-school sales due to schools adopting remote and hybrid learning models, along with the impact of permanent and temporary store closures. For the nine month period, net...

Business

The Children’s Place appoints Tracey Griffin as new board director

The Children’s Place, Inc., on October 5, 2020, appointed Tracey R. Griffin to its board of directors and as a member of the audit committee. The company said in a statement, Griffin will hold office until the annual meeting of stockholders of the company to be held in 2021. Griffin is an independent director and qualifies as an “audit committee...

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The Children’s Place swings to Q2 loss, sales down 12.3 percent

The Children’s Place, Inc., for its second quarter reported net sales decrease of 12.3 percent to 368.9 million dollars, primarily as a result of the impact of temporary store closures, along with a decrease in back to school sales beginning in mid-July, partially offset by increased digital sales. The company said in a statement that net loss...

Business

The Children's Place revenue slips 38.1 percent for Q1

The company said on Thursday its Q1 net loss slipped. Revenues slipped by 38.1 percent from the same period last year. For Q1, the company's net profit was -115 million dollars, which decreased from 5 million dollars last year. Furthermore, revenues dropped to 255 million dollars. The profit margin of the company dropped to -45 percent compared...

Fashion

The Children's Place estimates 38 percent drop in Q1 sales

The Children’s Place, Inc. total net sales to have decreased 38 percent to 254 million dollars for the first quarter ended May 2, 2020. The company said in a statement that to help fulfill its surging online demand, the company enabled its ship-from-store capabilities in approximately 85 percent of its U.S. stores in late April, which more than...

Business

The Children's Place initiates several measures to maintain financial stability

The Children’s Place has suspended all store operations in the United States and Canada beginning March 18, 2020. The company said in a statement that store sales were planned to represent approximately 65 percent of Q1 fiscal 2020 revenue with a significant portion of sales planned for the months of March and April, while its digital sales...

BusinessFeatured

The Children's Place posts increase in Q4 profit

The Children’s Place, Inc. reported net sales decrease of 3.3 percent to 513 million dollars in the fourth quarter, primarily as a result of a comparable retail sales decrease of 3.6 percent. The company said in a statement that net income for the quarter was 24.2 million dollars or 1.61 dollars per diluted share compared to 12 million dollars...

Business

The Children's Place Q3 profits decreases 14 percent

The Children's Place reported its net profit for Q3 dropped on Wednesday. Revenues grew by 0.4 percent from the same period last year. The company's net profit for Q3 was 43 million dollars, down from 50 million dollars a year earlier. Furthermore, revenues climbed to 525 million dollars. The profit margin of the company decreased to 8 percent...

Business

The Children’s Place to relaunch Gymboree brand next year

Children’s apparel retailer The Children’s Place, Inc.has announced plans to relaunch Gymboree brand in early 2020 on an enhanced website, Gymboree.com, and in shop-in-shop locations in over 200 select Children’s Place stores in the US and Canada. Commenting on the development, Jane Elfers, the company’s President and Chief Executive Officer...