SECAUCUS, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (NASDAQ:PLCE), an omni-channel children's specialty portfolio of brands with an industry-leading digital- first model, today announced the departure of Jane Elfers, President and CEO, and announced the appointment of Muhammad Umair as the new President and Interim CEO, effective May 20, 2024. The Company thanks Jane for her dedication to the Company and wishes her well in her next chapter. Jane Elfers said, "I want to thank the enti ...

SECAUCUS, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), an omni-channel children's specialty portfolio of brands with an industry-leading digital-first model, today announced the departure of Jane Elfers, President and CEO, and announced the appointment of Muhammad Umair as the new President and Interim CEO, effective May 20, 2024. The Company thanks Jane for her dedication to the Company and wishes her well in her next chapter. Jane Elfers said, "I want to thank the enti ...

Financial Performance - Fiscal 2023 net sales distribution: Q1 20.0%, Q2 21.6%, Q3 30.0%, Q4 28.4%[61] - Fiscal 2023 operating income: Q1 $(30,067) thousand, Q2 $(36,941) thousand, Q3 $44,967 thousand, Q4 $(61,757) thousand[61] - The company experienced operational losses in Fiscal 2023, impacting its ability to generate sufficient cash flows for ongoing operations[77] - In Fiscal 2023, the company recorded an impairment charge of $29.0 million on the Gymboree tradename due to increased discount rates and reduced sales forecasts[85] - The company anticipates fluctuations in sales, margins, and earnings due to competitive pressures and changing consumer behaviors, which could adversely affect stock price[122] - Actual operating results may not meet or exceed guidance, which could lead to a decline in stock price[132] Customer and Market Dynamics - At the end of Fiscal 2023, approximately 82% of sales were attributed to members of the MyPLACE Rewards loyalty program and private label credit card program[63] - The company has experienced a decrease in customer traffic in North America, particularly in shopping malls, which has negatively impacted revenues and operating margins[87] - The apparel industry is cyclical and has been affected by high inflation and unemployment levels, leading to a decline in consumer spending on discretionary items[87] - Unseasonable weather conditions can significantly affect sales, particularly for the company's target demographic of value-conscious, lower to middle-income mothers[121] Competition and Industry Challenges - The company faces significant competition in the children's apparel retail market, competing with major players like Target, Old Navy, and Amazon, which could negatively impact its business and financial position[116] - The company faces significant pricing pressure due to intense competition and a highly promotional retail environment, which could lead to reduced profitability[89] - Increased costs of raw materials, labor, and shipping have resulted in higher operating costs, which may adversely affect profitability if not offset by price increases[90] Operational Changes and Strategies - The company closed 90 stores in Fiscal 2023 as part of its store fleet optimization program, totaling 676 stores closed since the program's announcement in 2013[82] - The company is focused on digital transformation and inventory management to increase sales and profitability[81] - The company has expanded its brand portfolio by relaunching Gymboree and launching new brands such as Sugar & Jade and PJ Place, which are critical for business growth[84] - The company has partnered with Afterpay to offer a "buy-now-pay-later" program to enhance customer reach[63] Supply Chain and Operational Risks - The company relies on independent manufacturers for product sourcing, and disruptions in these relationships could materially affect operations and financial performance[94] - The company imports a majority of its merchandise from countries including Vietnam, Bangladesh, and China, making it susceptible to changes in political and economic conditions in these regions[289] - The company has moved its Canadian distribution operations to the U.S. due to the expiration of a lease, which may affect logistics and operational efficiency[92] - The company is exposed to various geopolitical risks that could disrupt supply chains and affect business operations[98] Regulatory and Compliance Issues - The company is subject to extensive regulations affecting product safety, consumer protection, and e-commerce operations[68] - Compliance with consumer product safety laws and regulations may incur significant costs and risks, including potential recalls and reputational damage[114] - The company is subject to various legal risks and liabilities that could adversely affect its operations and reputation[151] - Legal and regulatory actions could have a material adverse effect on the company's business, financial position, and cash flows[152] Financial Structure and Risks - The company has a controlling shareholder, Mithaq Capital SPC, which owns approximately 56.1% of outstanding shares, potentially limiting other shareholders' influence on corporate actions[124] - The company is subject to income taxes in multiple jurisdictions, and changes in tax laws could negatively affect its financial position[148] - The company regularly assesses the likelihood of adverse outcomes from tax examinations, which could have a material adverse effect on its financial position[149] - Changes in tax laws or accounting rules could significantly impact the company's financial statements and market value[156] Technology and Cybersecurity - The successful operation of the e-commerce business is critical, with risks including operational disruptions and changing consumer habits[140] - The company relies heavily on information technology systems, and failures in these systems could adversely impact operations and financial results[142] - The company faces risks related to cybersecurity and data privacy, which could materially affect its business and financial position[136] Financial Obligations and Borrowings - As of February 3, 2024, the company had $226.7 million in borrowings under its ABL Credit Facility, with a 10% change in the prime rate or SOFR not materially impacting interest expense[283] - The outstanding balance of the Term Loan was $50.0 million as of February 3, 2024, with a 10% change in SOFR not materially impacting interest expense[284] - The company entered into the New Mithaq Term Loan, requiring monthly payments at SOFR plus 4.000%, with payments deferred until April 30, 2025[285] Currency and Exchange Rate Risks - Currency exchange rate fluctuations could impact the competitiveness of the company's products and lead to significant transaction gains or losses[105] - Net assets in Canada and Hong Kong amounted to $5.5 million as of February 3, 2024, with a 10% change in foreign currency exchange rates impacting net investment by $0.6 million[286] - A 10% change in foreign currency exchange rates would have resulted in a potential $13.1 million increase or decrease in Fiscal 2023 net sales and a $15.9 million change in total costs and expenses[288]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Table of Contents (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 0-23071 THE CHILDREN'S PLACE, INC. (Exact name of registrant as specified in its chart ...

The Children's Place, Inc. (NASDAQ:PLCE) Q3 2023 Earnings Conference Call November 16, 2023 8:00 AM ET Company Participants Jane Elfers - President and CEO Maegan Markee - Brand President Sheamus Toal - COO and CFO Conference Call Participants Jeff Lick - B. Riley Financial Jim Chartier - Monness, Crespi and Hardt Jay Sole - UBS Marni Shapiro - The Retail Tracker Dana Telsey - Telsey Group Operator Good morning, and welcome to The Children's Place Third Quarter 2023 Earnings Conference Call. On the call to ...

INVESTMENT HIGHLIGHTS Strong Portfolio of Brands Serving Newborn to Tween 591 Stores in the U.S. and Canada Accelerated Amazon Opportunity | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------|---------|-------|-------|---------|-------|---------|-------|-------|-------------------------|-------|-----------------------| | | | | % of | | % of | | % of | | 23 vs. 22 \nInc/(Dec) | | 23 vs. 19 \nInc/(Dec) | | | Q3 2023 | | Sales | Q3 2022 | Sales | Q3 2019 | Sales | % ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 0-23071 THE CHILDREN'S PLACE, INC. (Exact name of registrant as specified in its charter) ...

The Children's Place, Inc. (NASDAQ:PLCE) Q2 2023 Results Conference Call August 17, 2023 8:00 AM ET Company Participants Jane Elfers - President, CEO Maegan Markee - Brand President Sheamus Toal - COO, CFO Josh Truppo - VP, Financial Planning and Analysis Conference Call Participants Jim Chartier - Monness, Crespi and Hardt Jeff Lick - B. Riley Financial Dana Telsey - Telsey Group Jay Sole - UBS Operator Good morning, and welcome to The Children's Place Second Quarter 2023 Earnings Conference Call. On the ...

THE CHILDREN'S PLACE BT Sugar &jade GYMBORee COMPANY OVERVIEW SECOND QUARTER FISCAL 2023 RESULTS INTENV YOHY INVESTMENT HIGHLIGHTS | --- | --- | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | • Omni-channel children's specialty portfolio of brands with an | | | | | | industry-leading digital-f ...

Table of Contents Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number 0-23071 THE CHILDREN'S PLACE, INC. (Exact name of registrant as specified in its charter ...