Children's Retail Place sees sharp rise in Sept sales
07 Oct '05
4 min read
Comparable store sales for The Children's Place stores increased 7 percent, on top of a 14 percent increase in the same period last year. Through October 1, 2005, the Company has opened 27 Children's Place stores and closed three. In addition, the Company has opened 13 Disney Stores and closed one.
'They are pleased with the performance of their brands, particularly given the unseasonably warm weather in key markets,' said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place Retail Stores Inc. 'The consistent performance at Children's Place continues to be driven by their unique and powerful value equation of fashion, quality and price and is being further elevated by new initiatives such as tiered assortment planning and markdown optimization.
At Disney Store, they continue to be encouraged by the pace of their progress, the guest response to their strategic initiatives and they are very confident in the success of this brand. Across both businesses, they are in a strong inventory position as they head into the Holiday season.'
Separately, the Company announced today that Amy Hauk, who serves as SVP, General Merchandise Manager of The Children's Place, is moving to Disney Store to serve in the same capacity, and will report directly to Mario Ciampi, President of Disney Store. To ensure a smooth transition, Ms. Hauk will continue to support The Children's Place merchandising team until her successor is named.
'Given the successful value equation they have implemented at Children's Place and their strategy of introducing that same formula at Disney Store, Amy is best suited to lead the merchandising efforts at Disney Store," said Ezra Dabah. "Children's Place has a proven merchandising strategy in place and they are proud of their team, who consistently raise the bar season after season.'
marketing@alchempro.com
