The Children's Place to Ring The Nasdaq Opening Bell on September 19th
September 18 2017 - 4:02PM
The Children’s Place, Inc. (Nasdaq:PLCE), the
largest pure-play children’s specialty apparel retailer in North
America, will celebrate the 20th anniversary of its Nasdaq stock
market listing on September 19th. In honor of this event, Jane
Elfers, President and Chief Executive Officer, will ring the
Opening Bell at 9:30 AM Eastern Time.
Ms. Elfers stated, “We are honored to celebrate our
20th anniversary with Nasdaq. We are proud of our relationship with
Nasdaq and proud of the significant value that we have created for
our shareholders.”
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 Statement
This press release contains, and the above referenced conference
call may contain, 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
weakness in the economy that continues 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 more 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
Childrens Place (NASDAQ:PLCE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Childrens Place (NASDAQ:PLCE)
Historical Stock Chart
From Apr 2023 to Apr 2024