9/04/13

The Children’s Place web sales increase by 13% in the second quarter

E-commerce accounts for 58% of sales growth in the quarter.

Bill Briggs , Senior Editor

Specialty children’s apparel retailer The Children’s Place Retail Stores Inc. reported strong web sales growth in its fiscal second quarter.

For the quarter ended Aug. 3, The Children’s Place, No. 112 in Internet Retailer’s 2013 Top 500 Guide, reported:

E-commerce accounted for 58.3%, or $12.6 million, of $21.6 million in sales growth for the quarter.

During the second quarter, the company says it recorded charges of $23.2 million, including store impairment and early closure expenses associated with its plan to close approximately 100 underperforming stores over the next three years.

For the six months ended Aug. 3, The Children’s Place reported:

Topics:

2013 Top 500, Children's Place, online children's apparel, Q2 2013 earnings, Q2 2013 web sales, specialty children's apparel, The Children's Place

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