Children's Place (PLCE) Approves $50M Buyback

The Children's Place Retail Stores, Inc. (Nasdaq: PLCE), has authorized a new share repurchase program in the amount of $50 million. Under the program, the Company may repurchase shares in the open market at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market and business conditions, and the Company may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement.

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