The Children's Place Appoints Steven G. Rado to the Position of Chief Digital Officer
August 09 2017 - 7:02AM
The Children’s Place, Inc. (Nasdaq:PLCE), the
largest pure-play children’s specialty apparel retailer in North
America, today announced the appointment of Steven G. Rado to the
position of Chief Digital Officer, effective August 14,
2017. Mr. Rado will report directly to Jane Elfers, President
and Chief Executive Officer.
Jane Elfers, President and Chief Executive Officer said, “We
believe that a Personalized Customer Contact Strategy is our single
biggest opportunity, and we have made the decision to significantly
accelerate the development and implementation of this initiative.
Steve’s deep experience in all aspects of marketing,
including strategy development, customer relationship management,
and digital commerce, combined with his successful track record of
delivering digital transformation through personalized customer
contact at Victoria’s Secret, Office Depot and Land’s End, make him
the ideal candidate to lead this effort at The Children’s
Place.”
Mr. Rado said, “I am very excited to join the best in class
management team at The Children’s Place and drive the significant
benefits associated with implementing a robust Personalized
Customer Contact Strategy.”
Mr. Rado received his BS in Business Administration from Bowling
Green State University, his MBA from The Ohio State University and
his Juris Doctor from Case Western Reserve University School of
Law. About The Children’s Place, Inc.The
Children’s Place is the largest pure-play children’s specialty
apparel retailer in North America. The Company designs,
contracts to manufacture, sells at retail and wholesale, and
licenses to sell fashionable, high-quality merchandise at value
prices, primarily under the proprietary “The Children’s Place,”
“Place” and “Baby Place” brand names. As of July 29, 2017,
the Company operated 1,026 stores in the United States, Canada and
Puerto Rico, an online store at www.childrensplace.com, and had 161
international points of distribution open and operated by its 7
franchise partners in 19 countries.
Forward Looking StatementsThis
press release contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including but not limited to statements
relating to the Company’s strategic initiatives and adjusted net
income per diluted share. Forward-looking statements
typically are identified by use of terms such as “may,” “will,”
“should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and
similar words, although some forward-looking statements are
expressed differently. 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, 2017. 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 weakness in the economy
which continue to affect the Company’s target customer, the risk
that the Company’s strategic initiatives to increase sales and
margin are delayed or do not result in anticipated improvements,
the risk of delays, interruptions and disruptions in the Company’s
global supply chain, including resulting from foreign sources of
supply in less developed countries or politically unstable
countries, 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.
Contact: Robert Vill, Group Vice President, Finance, (201) 453-6693
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