Rochester,NY 6/27/2009 1:37:02 AM
PLCE,The Committee of Concerned Shareholders of the Children's Place Mails Letter to Shareholders
The Children's Place Retail Stores
AfterNoon Movers - PLCE - The Committee of Concerned Shareholders of the Children's Place Mails Letter to Shareholders- Sourced WhisperFromWallStreet.com
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The Children's Place Retail Stores, Inc.PLCE
After Hours: 25.99 Up 0.10 (0.39%) 2:29PM ET
The Committee of Concerned Shareholders of The Children's Place (the "Committee"), which collectively owns approximately 22% of the outstanding shares of The Children's Place Retail Stores, Inc. (Nasdaq: PLCE - News; "The Children's Place" or the "Company"), today announced that it is mailing a letter to the Company's shareholders in connection with its nomination of three independent, highly-qualified and proven individuals for election to the Board of Directors at the Company's 2009 Annual Meeting of Shareholders, scheduled for July 31, 2009. Shareholders of record as of June 30, 2009 are entitled to vote at the meeting.
About
The Children's Place Retail Stores, Inc., together with its subsidiaries, operates as a specialty retailer of children's apparel and accessories. It designs, contracts to manufacture, and sells merchandise under The Children's Place brand name. The company also provides shoes and other children oriented merchandise. In addition, it offers its merchandise through its online store, www.childrensplace.com. Further, the company provides private label credit cards to its customers through a third-party financial institution on a non-recourse basis. Its stores offer products for children ranging from newborn babies to 14 year old children. As of January 31, 2009, the company owned and operated 917 stores in North America, which include 674 stores in regional malls, 79 in strip centers, 121 in outlet centers, and 43 street stores. The Children's Place Retail Stores, Inc. was founded in 1969 and is headquartered in Secaucus, New Jersey.
Last Trade: 26.04
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