the children's place news and archive

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...

Nov 19, 2020

Report

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...

Oct 6, 2020

Management

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...

Aug 25, 2020

Report

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...

Jun 11, 2020

Report

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...

May 18, 2020

Report

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...

Apr 1, 2020

Management

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...

Mar 17, 2020

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...

Dec 11, 2019

Report

The Children's Place Q3 profits decreases 14 percent

Dec 11, 2019

Report

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...

Oct 15, 2019

Management

The Children's Place Q2 net sales drop by 6.3 percent

For its second quarter, the Children’s Place, Inc. reported net sales decrease of 6.3 percent to 420.5 million dollars as a result of a comparable retail sales decrease of 3.8 percent. Net income for the quarter was 1.5 million dollars or 10 cents per diluted share compared to 7.5 million dollars or 45 cents per diluted share, in the three...

Aug 21, 2019

Management

The Children's Place posts decline in Q1 net sales and profit

The Children’s Place, Inc., for its first quarter ended May 4, 2019 said net sales decreased 5.5 percent to 412.4 million dollars as a result of a comparable retail sales decrease of 4.6 percent. Net income for the quarter was 4.5 million dollars or 28 cents per diluted share compared to 31.5 million dollars or 1.78 dollars per diluted share, in...

May 16, 2019