Iconic Brand Makes a Celebrated Return to Brick-and-Mortar, Embracing a New Era
SECAUCUS, N.J., Nov. 20, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), an omni-channel children's specialty portfolio of brands, marked a monumental milestone yesterday with the grand opening of its first GYMBOREE store at Garden State Plaza in Paramus, New Jersey, signaling a new era of growth and innovation in children's boutique specialty retail. The event drew excited families, influencers, and long-time fans of the brand, all eager to experience the joyful spirit of GYMBOREE in a beautifully reimagined retail space.
GYMBOREE's store blends curated collections of premium children's apparel and accessories with an engaging, family-friendly shopping experience. The store reflects a fresh take on timeless designs and a commitment to celebrating childhood through vibrant, playful, high-quality offerings and elevated collections.
"This is more than a store launch; it's the beginning of a bright new chapter for GYMBOREE,” said Claudia Lima-Guinehut, Brand President. "We've taken everything families have loved about GYMBOREE for generations and elevated it to meet today's families where they are. The new GYMBOREE space is brimming with joy, holiday magic and styles families have come to know and love. Our hope is to bring this beloved brand back in a stronger, more dynamic way.”
The GYMBOREE Garden State Plaza store is now open, welcoming families into its new home - where happy memories and adorable outfits await to celebrate the magic of childhood.
About The Children's Place
The Children's Place is an omni-channel children's specialty portfolio of brands. Its global retail and wholesale network includes two digital storefronts, more than 500 stores in North America, wholesale marketplaces and distribution in 15 countries through five international franchise partners. The Children's Place designs, contracts to manufacture, and sells fashionable, high-quality apparel, accessories and footwear predominantly at value prices, primarily under its proprietary brands: "The Children's Place”, "Gymboree”, "Sugar & Jade”, and "PJ Place”. For more information, visit: www.childrensplace.com and www.gymboree.com, as well as the Company's social media channels on Instagram, Facebook, X, formerly known as Twitter, YouTube and Pinterest.
Forward-Looking Statements
This 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 results of operations, including adjusted net income (loss) 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 3, 2024. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unable to achieve operating results at levels sufficient to fund and/or finance the Company's current level of operations and repayment of indebtedness, the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company's business and its dependence on consumer spending patterns, which may be affected by changes in economic conditions (including inflation), the risk that changes in the Company's plans and strategies with respect to pricing, capital allocation, capital structure, investor communications and/or operations may have a negative effect on the Company's business, the risk that the Company's strategic initiatives to increase sales and margin, improve operational efficiencies, enhance operating controls, decentralize operational authority and reshape the Company's culture are delayed or do not result in anticipated improvements, the risk of delays, interruptions, disruptions and higher costs in the Company's global supply chain, including resulting from disease outbreaks, foreign sources of supply in less developed countries, more politically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, including the use of forced, indentured or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, various types of litigation, including class action litigations brought under securities, consumer protection, employment, and privacy and information security laws and regulations, the imposition of regulations affecting the importation of foreign-produced merchandise, including duties and tariffs, risks related to the existence of a controlling shareholder, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact: The Children's Place Investor Relations (201) 558-2400 ext. 14500
