More on Childrens Place (PLCE): Comparable retail sales up 3.4%, wtih e-commerce and outlet...

|By:, SA News Editor

More on Childrens Place (PLCE): Comparable retail sales up 3.4%, wtih e-commerce and outlet stores strong. Gross margin declined 190 bps to 31.7% of sales as higher merchandise costs hit. Forecasts low-single digit comparable retail sales growth for FY12. Expects FY12 EPS of $3.20-$3.30, up from prior guidance of $3.15-$3.30. (PR)