Business
DUE TO THE ONGOING UNCERTAINTY REGARDING THE COVID-19 PANDEMIC, THE CHILDREN’S PLACE HAS DEFERRED FISCAL 2020 GUIDANCE AND IS CANCELLING ITS CONFERENCE CALL AND WEBCAST REVIEW
SECAUCUS, N.J., March 17, 2020 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE) today, we issued our fiscal fourth quarter and full year 2019
About this update from Children's Place, Inc. (the)
[{"type":"text","content":"SECAUCUS, N.J., March 17, 2020 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE) today, we issued our fiscal fourth quarter and full year 2019 financial results. Due to the ongoing uncertainty regarding the COVID-19 pandemic, The Children’s Place has deferred fiscal 2020 guidance and is cancelling its webcast review and conference call scheduled for Thursday, March 19, 2020 at 8:00 a.m. Eastern Time.\n Please direct all inquiries to The Children’s Place Investor Relations at 201-558-2400 ext.14500 About The Children’s PlaceThe Children’s Place is the largest pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary “The Children’s Place”, “Place”, “Baby Place,” and “Gymboree” brand names. As of February 1, 2020, the Company operated 924 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 266 international points of distribution open and operated by its eight franchise partners in 19 countries. Forward Looking StatementsThis press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and adjusted net income per diluted share. Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently. 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 and performance to differ materially. Some of these risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its annual report on Form 10-K for the fiscal year ended February 2, 2019. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unsuccessfu...