In addition, by the end of fiscal 2008, the Company will open at least 18 new Disney Stores using the new store prototype.
In addition, under the terms of the letter agreement, the Company will complete a "maintenance refresh" program in approximately 165 Disney Stores, including the flagship store located on Michigan Avenue in Chicago, by no later than June 30, 2008.
As previously announced, the Company's Board of Directors has committed $175 million of capital to fund the remodel and refresh programs described above between now and the end of fiscal 2011.
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The Children's Place Retail Stores Inc
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