Leading specialty retailer of children's merchandise Children's Place Retail Stores Inc announced that for the five-week period ended December 31, 2005, comparable store sales for The Children's Place stores increased 11 percent on top of a 21 percent increase for the same period last year.
Total consolidated sales for the Company increased 8 percent to $286.7 million, compared to sales of $264.7 million reported for December 2004.
December 2005 sales included $178.3 million from The Children's Place, a 19 percent increase compared to last year's sales of $150.2 million, and $108.4 million from Disney Store, a 5 percent decrease compared to last year's sales of $114.5 million.
During December 2005, the Company opened two Children's Place stores.
For the nine-week holiday selling period, The Children's Place brand achieved an 11 percent increase in comparable store sales on top of a 16 percent increase for the same period last year.
Total sales for the forty-eight weeks ended December 31, 2005 increased 47 percent to $1.582 billion, from $1.079 billion reported in the year ago period.
Sales for the forty-eight weeks were comprised of $1.109 billion from The Children's Place, an 18 percent increase over last year, and $473.1 million in sales from the Company's Disney Store business.
Comparable store sales for The Children's Place increased 9 percent, on top of a 15 percent increase in the same period last year.
Children's Place Retail Stores Inc
marketing@alchempro.com
