More on Children's Place Retail Stores' Q4

|About: The Children's Place Reta... (PLCE)|By:, SA News Editor

The Children's Place Retail Stores (PLCE) reports comparable-store sales fell 4.3% during Q4.

Gross profit rate slipped 150 bps to 35.5% during the period as promotional activity increased.

Looking ahead, the company sees increasing e-commerce sales and plans to add 65-70 international stores. A new $100M share repurchase authorization is announced as well.