QUOTE AND NEWS
TheStreet.com  Aug 22  Comment 
NEW YORK (TheStreet) --aThe Children's Place a price target and full year 2014 and 2015 earnings estimates were raised by analysts at BMO Capital,afollowing the company's 2014 second quarter earnings beat. The firm raised its price target on...
Benzinga  Aug 22  Comment 
On CNBC's Fast Money, Karen Finerman said that Childrens Place (NASDAQ: PLCE) didn't increase guidance as much as she hoped, but she likes it and she still has a long position. Childrens Place spiked 7.79 percent Thursday and closed at...
SeekingAlpha  Aug 21  Comment 
By SA Transcripts: The Children's Place Retail Stores, Inc. (NASDAQ:PLCE) Q2 2014 Earnings Conference Call August 21, 2014 08:00 AM ET Executives John Taylor - VP of Finance Jane Elfers - CEO, President and Director Mike Scarpa...
TheStreet.com  Aug 21  Comment 
NEW YORK (TheStreet) -- Shares of The Children's Place Inc. are higher by 4.82% to $52.88 in late morning trading on Thursday, after the company reported a narrower than expected 2014 second quarter net loss of -$10.7 million, or -49 cents per...
Market Intelligence Center  Aug 6  Comment 
Childrens Place Retail Stores (PLCE) presents a trading opportunity that offers a 6.50% return in just 136 days. A covered call on Childrens Place Retail Stores at the $50.00 level expiring on Dec. '14 offers an assigned return rate of 6.50% or...
Market Intelligence Center  Jul 31  Comment 
After Wednesday’s trading in Childrens Place Retail Stores (PLCE) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.71% or 26.57% (for comparison purposes only), while providing...
Market Intelligence Center  Jul 28  Comment 
The patented option trade-picking algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered call trade on Childrens Place Retail Stores (PLCE) that includes 7.82% downside protection. Sell one contract...
Market Intelligence Center  Jul 3  Comment 
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Childrens Place Retail Stores (PLCE). Look at the Sep. '14 $50.00 covered call for a net debit in the $47.45 area. This trade has...
StreetInsider.com  Jun 19  Comment 
Corinthian Colleges, Inc. (Nasdaq: COCO) 47% LOWER; On June 12, 2014, the Company received a letter from ED (the “June Letter”) in which ED noted outstanding documentation and data that the Company had yet to provide, and asked questions...
SeekingAlpha  May 22  Comment 
The Children's Place Retail Stores, Inc. (PLCE) Q1 2014 Earnings Conference Call May 22, 2014 08:00 a.m. ET Executives John Taylor – Vice President Finance Jane T. Elfers – Chief Executive Officer, President and Director ...




 
TOP CONTRIBUTORS

The Children's Place Retail Stores, Inc. is a specialty apparel retailer serving the children's market, specifically ages newborn to 14 years old. The Children's Place currently owns and operates 906 stores[1], and also has an online sales presence.

The Children's Place recently exited their operations of the Disney Store business, which the company had operated since November 2004. The company believes their market share of children's apparel increased from 3.7% in FY2006 to 3.8% in FY2007, based on research from NPD[2].

History

The Children's Place was incorporated in June 1988, and designs, contracts to manufacture, and sells value-priced, high-quality children's clothing under their own brand name.

Disney Stores / "Hoop"

The Children's Place recently exited their operations of the Disney Store business, which they had operated since November 2004. This business consisted of all Disney Stores in the United States and Canada, certain Disney Outlet stores, and 2 flagship stores. Other flagship stores and stores located on Disney Properties were not part of the operations. On March 20, 2008, the Children's Place announced that it had decided to exit the Disney Store business. This business had been operated as a wholly owned subsidiary known as "Hoop"; the Hoop businesses (including Hoop Holdings, LLC, Hoop Retail Stores, LLC, and Hoop Canada Holdings Inc.) each filed Chapter 11 bankruptcy on March 26, 2008.

Financials

Although profit was up for FY2007 over FY2006, gross profit dropped. Net income dropped from $87.4M in FY2006 to a loss of $59.6M in FY2007, mostly due to asset impairment charges of $96M, including $80.3M in impairments due to the exit of the Disney store business.[3].

During FY 2007, The Children's Place opened 54 stores, and closed 16. Plans for FY2008 include opening approximately 30 stores and remodeling of 17 stores.[4]

Net Sales

Net sales for FY2007 were approximately $2.16B.[5], an increase of $145M (7%) over FY2006. The Children's Place Internet business accounted for approximately 3.6% of sales in FY2007 [6]. 4th quarter (seasonal) sales account for approximately 31% of annual net sales. Comparable store sales increased 2% in FY2007 as compared with 11% in FY2006.

The Disney Store and Children's Place net sales are segmented below for FY2006 and FY2007. Children's Place Net Sales segmented[7].

Gross Profit

Gross profit for FY2007 was approximately $798.5M, as compared with $828.4M in FY2006.[8].

Competition

There are a number of competitors for the Children's Place. Given their regular presence in shopping malls, other mall-based competitors include GapKids, babyGap, and Old Navy (all divisions of The Gap) and Gymboree Stores, Crazy 8, and Janie and Jack (all divisions of GYMB, although Janie and Jack merchandise tends to be significantly more expensive; and babystyle. Mall-anchored department stores also provide competition; those providing value-priced merchandise, including Sears and J.C. Penney are strong competitors. Other department stores in the children's apparel market with competitive pricing include Target, Wal-Mart and Kohl's. The Children's Place new shoe-store in the store concept also faces competition with shoe retailers such as Payless and Stride Rite. Additionally, they also compete with other specialty stores, local boutiques, and other national chains.


References

  1. Children's Place FY2007 10-K, April 2, 2008
  2. Children's Place FY2007 10-K, pg. 30
  3. Children's Place FY2007 10-K, pg. 28
  4. Children's Place FY2007 10-K, pg 8
  5. Children's Place FY2007 10-K, pg. 28
  6. Children's Place 10-K FY2007, pg. 10
  7. Children's Place FY2007 10-K, pg. 110
  8. Children's Place FY2007 10-K, pg. 28

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