"We achieved solid sales growth during the second quarter. Our focus on differentiated merchandise assortments has worked well for us all year, and we expect continued momentum during the important back-to-school selling season," commented Jane Elfers, President and Chief Executive Officer of The Children's Place. "Despite the continued difficult economic environment, we believe lower apparel costs in the back half coupled with strengthening conversion, transactions and average transaction value, will result in positive comp sales and operating margin expansion in fiscal 2012."The Company opened 19 stores and closed one, ending the second quarter with 1,080 stores.
The Children's Place Reports Second Quarter 2012 Financial Results
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