-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N3cQtCV/ZLv3PVSd98qRyfb1oC+sRECXv5PayvuWvF3N7YpvimychmYemlEGuKq4 X3oqafXgbaLP04rw2Cs8fA== 0001157523-06-003357.txt : 20060406 0001157523-06-003357.hdr.sgml : 20060406 20060406105250 ACCESSION NUMBER: 0001157523-06-003357 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060406 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060406 DATE AS OF CHANGE: 20060406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHILDRENS PLACE RETAIL STORES INC CENTRAL INDEX KEY: 0001041859 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 311241495 FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23071 FILM NUMBER: 06744033 BUSINESS ADDRESS: STREET 1: 915 SECAUCUS RD CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2015582400 MAIL ADDRESS: STREET 1: 915 SECAUCUS RD CITY: SECAUCUS STATE: NJ ZIP: 07094 8-K 1 a5118856.txt THE CHILDREN'S PLACE RETAIL STORES, INC. 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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) April 6, 2006 - -------------------------------------------------------------------------------- THE CHILDREN'S PLACE RETAIL STORES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 0-23071 31-1241495 - ------------------------------ ----------- ---------------- (State or other jurisdiction (Commission (IRS Employer ID of incorporation) File Number) Number) 915 Secaucus Road, Secaucus, New Jersey 07094 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (201) 558-2400 - -------------------------------------------------------------------------------- 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: [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appoint of Principal Officers. (b) The Children's Place Retail Stores, Inc. announced today that Mario Ciampi, President of Disney Store, will be leaving the Company effective the end of April 2006. Item 8.01 Other Events On April 6, 2006, The Company issued a press release announcing sales results for the fiscal month March 2006 and nine week period ended April 1, 2006 as well as the announcement that Mario Ciampi, President of Disney Store, will be leaving the Company effective the end of April 2006. A copy of the Company's press release is included as Exhibit 99.1. Item 9.01 Exhibits (a) Exhibits: 99.1 Press Release dated April 6, 2006. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CHILDREN'S PLACE RETAIL STORES, INC. By: /s/ Ezra Dabah ------------------------- Name: Ezra Dabah Title: Chairman and Chief Executive Officer Dated: April 6, 2006 INDEX TO EXHIBITS Current Report on Form 8-K dated April 6, 2006 The Children's Place Retail Stores, Inc. 99.1 Press Release dated April 6, 2006. EX-99.1 2 a5118856ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 The Children's Place Retail Stores, Inc. Reports March Sales; Commences Search for President of Disney Store; Consolidated Comparable Store Sales Increased 6%; Total Consolidated Sales Increased 12% SECAUCUS, N.J.--(BUSINESS WIRE)--April 6, 2006--The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) today announced sales results for the five-week period ended April 1, 2006. -- Total consolidated sales increased 12% to $173.4 million, compared to sales of $154.7 million reported for March 2005. March sales included $133.2 million from The Children's Place brand, a 14% increase compared to last year's sales of $116.9 million, and $40.2 million from Disney Store, a 6% increase compared to last year's sales of $37.8 million. -- Consolidated comparable store sales increased 6% in March. -- The Children's Place brand comparable store sales increased 7% compared to last year's 10% increase. -- Disney Store comparable stores sales increased 2%. Excluding media, Disney Store comparable stores sales increased 11%. -- During March, the Company opened three The Children's Place stores. Nine-week Period -- For the nine-week period ended April 1, 2006, total consolidated sales increased 10% to $287.3 million, compared to sales of $261.5 million reported for the same period last year. Sales for the nine-weeks included $217.9 million from The Children's Place brand, a 10% increase compared to last year's sales of $198.4 million, and $69.4 million from Disney Store, a 10% increase compared to last year's sales of $63.1 million. -- Consolidated comparable store sales increased 4% for the nine-week period. -- The Children's Place brand comparable store sales increased 3% compared to last year's 15% increase. -- Disney Store comparable stores sales increased 6%. -- During the nine-weeks, the Company opened three The Children's Place stores. In addition, the Company closed one Disney Store. "Our March sales results were particularly strong given the Easter shift into April and the fact that Disney Store was up against last year's very successful DVD release of The Incredibles," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place Retail Stores, Inc. "At The Children's Place brand, our momentum was fueled by strong sales of our Easter dressy assortment for which we have become famous. At Disney Store, we are pleased with the continued positive trend of the business." Separately, the Company announced that Mario Ciampi, President of Disney Store, is leaving the Company to pursue other interests, effective the end of April. An active search is underway to fill Mr. Ciampi's position. In the interim, Ezra Dabah, Chairman and Chief Executive Officer, will oversee the Disney Store business until a successor is named. "Mario has meaningfully contributed to our growth and success over the years," said Mr. Dabah. "Under Mario's leadership we have successfully integrated the Disney Store business into The Children's Place. We thank him for his hard work, dedication and wish him all the best in his new endeavors." In conjunction with The Children's Place March sales release, you are invited to listen to the Company's pre-recorded monthly sales call, which will be available beginning at 7:30 a.m. Eastern Time today through Thursday, April 13, 2006. To access the call, please dial (800) 642-1687 followed by the Conference ID #7071684, or you may listen through the Investor Relations section of the Company's website, www.childrensplace.com. 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" and licensed "Disney Store" brand names. As of April 1, 2006, the Company owned and operated 805 The Children's Place stores and 316 Disney Stores in North America and its online store, www.childrensplace.com. This press release and above referenced call may contain certain forward-looking statements regarding future circumstances. 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 from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers or listeners (on the call) are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake 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 Children's Place or any other person that the events or circumstances described in such statement are material. CONTACT: The Children's Place Retail Stores, Inc. Heather Anthony, 201-558-2865 -----END PRIVACY-ENHANCED MESSAGE-----