8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  January 21, 2009

THE CHILDREN’S PLACE RETAIL STORES, INC.

(Exact Name of Registrants as Specified in Their Charters)

Delaware

 (State or Other Jurisdiction of Incorporation)

0-23071	31-1241495
(Commission File Number)	(IRS Employer Identification No.)

915 Secaucus Road, Secaucus, New Jersey	07094
(Address of Principal Executive Offices)	(Zip Code)

(201) 558-2400

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On January 21, 2009, The Children’s Place Retail Stores, Inc. (the “Company”) announced its plans to relocate its e-commerce business from its Secaucus, New Jersey distribution center to the Company’s Southeast distribution center in Fort Payne, Alabama in June 2009 and the elimination of approximately 350 employee positions at the Secaucus facility as a result of such relocation.  A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Forward Looking Statements

This Current Report on Form 8-K, including Exhibit 99.1, contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently.  Forward-looking statements represent the Company’s management’s judgment regarding future events.  Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct.  All statements other than statements of historical fact included in this Current Report on Form 8-K are forward-looking statements.  The Company cannot guarantee the accuracy of the forward-looking statements, and you should be aware that the Company’s actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including the statements under the heading “Risk Factors” contained in the Company’s filings with the Securities and Exchange Commission.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits.

      Exhibit  99.1 Press release, dated January 21, 2009 (Exhibit 99.1 is furnished as part of this Current Report on Form 8-K).

2

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  January 21, 2009

THE CHILDREN’SPLACE RETAIL STORES, INC.
By:	/s/ Charles K. Crovitz
	Name:  Charles K. Crovitz
	Title:     Interim Chief Executive Officer

EX-99.1

  

FOR IMMEDIATE RELEASE

THE CHILDREN’S PLACE RETAIL STORES, INC. ANNOUNCES

RELOCATION OF E-COMMERCE BUSINESS

Secaucus, New Jersey – January 21, 2009 – The Children’s Place Retail Stores, Inc. (Nasdaq: PLCE) today announced that it plans to relocate its rapidly growing e-commerce business from its Secaucus, New Jersey distribution center to the Company’s Southeast distribution center in Fort Payne, Alabama in June 2009.

“Our e-commerce sales increased by approximately 60% this year on top of a 35% increase last year, and we have outgrown the available space in our Secaucus headquarters building,” commented Mark Rose, Senior Vice President and Chief Supply Chain Officer for The Children’s Place.  “By moving the e-commerce business to our Southeast distribution center, we expect to be able to fully automate our fulfillment operations and have ample room to expand in the future as the online business continues to grow.”

The Company announced the move to its e-commerce employees earlier this week.  Approximately 350 positions at the Secaucus facility will be eliminated by the planned move.

The Children’s Place Retail Stores, Inc. is a leading specialty retailer of children’s merchandise.  The Company designs, contracts to manufacture and sells high-quality, value-priced merchandise under the proprietary “The Children’s Place” brand name.  As of January 3, 2009, the Company owned and operated 921 The Children’s Place stores and an online store at www.childrensplace.com.

This press release may contain certain forward-looking statements regarding future circumstance, including statements relating to the growth of the e-commerce business. 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 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 report on Form 10-K. The following risks and uncertainties could cause actual results, events and performance to differ materially: the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risk resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by the downturn in the economy, and  risks and uncertainties relating to other elements of the Company’s strategic review.  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. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

CONTACT:  The Children’s Place Retail Stores, Inc.

  Jane Singer, Vice President, Investor Relations, (201) 453-6955

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