Newspaper article The Record (Bergen County, NJ)

Children's Place Reports Strong Sales

Newspaper article The Record (Bergen County, NJ)

Children's Place Reports Strong Sales

Article excerpt

The Children's Place Inc. said Thursday that it had a jolly holiday season, bucking the trend of other mall-based retailers, as sales at the Secaucus-based children's clothing chain rose.

The company issued preliminary results for the fiscal fourth quarter and raised its guidance for the period based on better-than- expected results. Comparable retail sales rose 6.9 percent during the first nine weeks of the quarter, which began Oct. 30. The nine weeks cover the crucial holiday months of November and December.

Last year, the retailer had an even stronger holiday comparable- sales increase of 7.3 percent during the nine-week period, but had forecast a weaker gain in the low single digits for this year. The company raised its earnings-per-share guidance for the quarter to between $1. …

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