Childrens Pl Inc Stock Price, News & Analysis

The Children's Place (NASDAQ: PLCE), North America's largest pure-play children's specialty retailer, has announced it will release its fourth quarter and year-end fiscal 2024 financial results on Friday, April 11, 2025 at approximately 4:30 p.m. Eastern Time. The announcement will include Chairman and CEO Turki S. AlRajhi's annual letter to shareholders. The company, known for its omni-channel portfolio of brands and digital-first business model, will make the results available on their corporate website.

The Children's Place (PLCE) announced key leadership appointments effective March 2025. John Szczepanski will join as Chief Financial Officer on March 31, overseeing finance, accounting, tax, treasury, procurement, investor relations, internal audit, and real estate. Szczepanski previously served as CFO at Vince Holding Corp and held senior positions at Ralph Lauren

Additionally, the company appointed Kristin Clifford as Senior Vice President, Head of Sourcing (effective February 3) and Smeeta Khetarpaul as Senior Vice President, Head of Marketing (effective February 24). Clifford, rejoining from Vineyard Vines, brings expertise in direct-sourcing models and costing strategies. Khetarpaul, formerly at Crocs Inc., brings over 20 years of marketing experience and will lead the company's omni-channel strategy.

The Children's Place (PLCE) has appointed Rhys Summerton to its Board of Directors and Audit Committee. Summerton, who qualifies as an independent director and 'audit committee financial expert' under SEC and Nasdaq rules, will serve until the 2025 annual stockholders meeting.

Summerton currently serves as Fund Manager and Investor at Milkwood Capital, a global value-oriented investment company. His previous experience includes roles as Global Head of Emerging Market Equity Research and Managing Director at Citigroup (2008-2013), Senior Investment Analyst at Citigroup (2001-2008), and Auditor at Ernst and Young.

The Children's Place (PLCE) has launched a rights offering to raise up to $90 million by issuing 9,230,769 shares of common stock at $9.75 per share. Stockholders as of December 13, 2024, will receive non-transferable subscription rights, with each right allowing the purchase of 0.7220 shares. The subscription price can be paid in cash, company debt, or a combination of both.

Stockholders who fully exercise their basic rights can participate in an over-subscription privilege for any remaining shares. The rights offering expires on January 31, 2025. The company plans to use the proceeds primarily for debt prepayment under its Credit Agreement and general operating purposes.

The Children's Place (PLCE) reported preliminary partial Q4 net sales results for the six-week period ending December 14, 2024. Net sales increased by 3.4% compared to the same period last year, showing improvement from Q3 2024 trends. However, comparable retail sales decreased 8.9% during this period.

The company experienced decreased brick-and-mortar revenue due to lower store count and reduced e-commerce revenue as it rationalized unprofitable promotional strategies. These decreases were offset by increased wholesale revenue. The company notes these results are preliminary and unaudited, covering only part of Q4, and actual results may differ materially.

The Children's Place (PLCE) reported Q3 2024 financial results with net sales decreasing 18.8% to $390.2 million. Despite lower sales, the company achieved its second consecutive quarter of adjusted profitability with Adjusted EBITDA of $44.5 million and Adjusted EPS of $2.04. Gross profit margin improved to 35.5%, up 180 basis points year-over-year. The company maintained total liquidity of $94 million and reported the lowest SG&A spending in over 15 years. PLCE announced a new partnership with SHEIN and opened its first new Gymboree store in over two years.

The Children's Place (Nasdaq: PLCE) celebrated the grand opening of its first GYMBOREE store at Garden State Plaza in Paramus, New Jersey. The milestone event attracted families, influencers, and brand enthusiasts eager to experience the reimagined retail space. The new store combines premium children's apparel and accessories with a family-friendly shopping environment, featuring curated collections and timeless designs. Brand President Claudia Lima-Guinehut emphasized this launch as the beginning of a new chapter for GYMBOREE, focusing on elevating the brand while maintaining its beloved characteristics.

The Children's Place (PLCE) has appointed Philip Ende as GVP, Head of Real Estate, effective November 11, 2024. Ende, who will report to President and Interim CEO Muhammad Umair, joins from Ende Real Estate Advisors, where he served as President and Founder. Prior to that, he spent over 27 years at Simon Property Group, last serving as Senior Vice President – Leasing Premium Outlets. The appointment aligns with the company's renewed focus on stores as a critical component of their omni-channel strategy, aiming to strengthen landlord relationships and drive continued investment in their real estate portfolio.

The Children's Place (PLCE) has announced a strategic partnership with global fashion retailer SHEIN, launching its storefront on SHEIN's platform. The collaboration aims to expand The Children's Place's reach by offering their children's apparel through SHEIN's digital marketplace, initially in the U.S. with plans for global expansion.

The partnership combines The Children's Place's expertise in children's fashion with SHEIN's extensive global reach and digital presence, focusing on delivering affordable, trend-right clothing to families through an enhanced online shopping experience.