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The Children's Place, Inc. Message Board

  • bluecheese4u bluecheese4u Mar 20, 2008 9:18 AM Flag

    The Children's Place Retail Stores, Inc. Announces Fiscal 2007 4Q & Full Year Financial Results

     

    The Children's Place Retail Stores, Inc. Announces Fiscal 2007 Fourth Quarter and Full Year Financial Results and Provides Update On Strategic Review
    Thursday March 20, 6:45 am ET



    -- Company to Exit the Disney Store North America Chain
    -- Company to Cut $12.0 Million out of Annualized Administrative
    Expense
    -- Company Plans to Reduce Fiscal 2008 Capital Expenditures by at
    Least 50%
    -- Q407 Loss Per Share of $2.01 Includes Impairment Charges & Other
    Costs Related to the Exit of the Disney Store North America
    Business

    SECAUCUS, N.J., March 20, 2008 (PRIME NEWSWIRE) -- The Children's Place Retail Stores, Inc. (NasdaqGS:PLCE - News) today announced its fiscal 2007 fourth quarter and full year financial results and also announced several important actions the Company is taking as a result of its strategic review process.

    SUMMARY OVERVIEW OF FISCAL 2007 FOURTH QUARTER AND FULL YEAR RESULTS


    * Consolidated net sales for the fourth quarter increased 4% to
    $670.9 million.
    * Consolidated comparable store sales for the fourth quarter
    increased 3%.
    * The Company's fourth quarter net loss was $58.5 million, or
    $2.01 per share for the thirteen-week period compared to net
    income of $44.7 million, or $1.48 per share in the fourteen-week
    period last year.

    * Consolidated sales for the fiscal year increased 7% to
    $2,162.6 million.
    * Consolidated comparable store sales for the fiscal year increased
    2%
    * Net loss for the full year was $59.6 million, or $2.05 per share,
    compared to net income of $87.4 million, or $2.92 per share last
    year.

    A full overview of

    http://biz.yahoo.com/pz/080320/138619.html

    This topic is deleted.
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    • Disney in talks to buy part of chain from Children's Place




      By Michelle Donley
      Last update: 7:23 a.m. EDT March 20, 2008

      NEW YORK (MarketWatch) -- The Walt Disney Co
      DIS 31.24, -0.48, -1.5%) said Thursday that it's in advanced talks with Children's Place Retail

      PLCE 19.60, -1.17, -5.6%) about buying part of the Disney Store chain in North America. The Burbank, Calif.-based entertainment giant said it believes the retail stores could extend its brand and, with a smaller footprint, add value to the company. Children's Place has a long-term license agreement to operate the Disney Store retail chain in North America, and the retailer said in January that it is reviewing its strategic options, including a long-term strategy to realize the "full potential" for the Disney Store brand


      http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b0B299C48-C195-48A9-8262-76775F22740A%7d&siteid=yhoo&dist=yhoo

 
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