THE CHILDREN'S PLACE RETAIL STORES, INC. AND SUBSIDIARIES

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)



Column A	Column B		Column C		Column D			Column E
	Balance at beginning of year		Charged to expense		Deductions			Balance at end of year
Lower of cost or market reserve (1)
Fiscal year ended February 2, 2013 (2)	$	2,746	$	1,804	$	(2,137	)	$	2,413
Fiscal year ended January 28, 2012 (as adjusted) (2)	$	4,477	$	1,342	$	(3,073	)	$	2,746
Fiscal year ended January 29, 2011 (as adjusted) (2)	$	4,623	$	1,552	$	(1,698	)	$	4,477


(1)	Reflects adjustment of out-of-season merchandise inventories to realizable value. Column C represents increases to the reserve and Column D represents decreases to the reserve based on quarterly assessments of the reserve.

(2) See Note 2 of the Notes to our Consolidated Financial Statements for further discussion on changes in accounting principle.