Children's Place (PLCE) Dec Comps Up 5%, Below Plan
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The Children's Place Retail Stores, Inc. (NASDAQ: PLCE) said consolidated comparable store sales increased 5%, versus the consensus of a 8.2% rise.
The Company believes that December results at The Children's Place brand were negatively impacted by unseasonable weather, which resulted in higher than planned promotional activity. In addition, the Company believes it would have benefited from increased ownership of key volume drivers and fresh spring goods, given early reads on Spring merchandise.
The Company believes that December results at The Children's Place brand were negatively impacted by unseasonable weather, which resulted in higher than planned promotional activity. In addition, the Company believes it would have benefited from increased ownership of key volume drivers and fresh spring goods, given early reads on Spring merchandise.
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