SECAUCUS, N.J., June 13, 2012 (GLOBE NEWSWIRE) -- The
Children's Place Retail Stores, Inc. (Nasdaq:PLCE), the
largest pure-play children's specialty apparel retailer
in North America, announced the results of its 2012 Annual
Meeting of Stockholders held today:
Norman Matthews and Kenneth Reiss were elected as Class III
directors to serve for three-year terms expiring in 2015.
The appointment of BDO USA, LLP as the Company's
independent registered public accounting firm was ratified
for the fiscal year ending February 2, 2013.
An advisory vote regarding the compensation of the
Company's named executive officers was approved.
About The Children's Place Retail Stores, Inc.
The Children's Place is the largest pure-play
children's specialty apparel retailer in North America.
The Company designs, contracts to manufacture and sells
fashionable, high-quality merchandise at value prices,
primarily under the proprietary "The Children's
Place" brand name. As of April 28, 2012, the Company
operated 1,062 stores and an e-commerce site at www.childrensplace.com.
Forward Looking Statements
This press release 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 and performance 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
28, 2012. Included among the risks and uncertainties that
could cause actual results and performance to differ
materially are the risk that the Company will be unsuccessful
in gauging fashion trends and changing consumer preferences,
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 continued
weakness in the economy or by other factors such as increases
in the cost of gasoline and food, the risk that the cost of
raw materials or energy prices will increase beyond current
expectations or that the Company is unable to offset cost
increases through value engineering or price increases, and
the uncertainty of weather patterns. Readers 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
CONTACT: The Children's Place Retail Stores, Inc.
Jane Singer, Vice President, Investor Relations