Children’s Place Retail Stores Inc.’s fiscal fourth-quarter earnings fell 25 percent on lower-than-expected sales as the children’s clothing retailer also authorized a new $50 million stock repurchase program. The chain, which has been discounting heavily at the end of each season to get rid of piled up products, also forecast current-quarter and full-year earnings below […]
Children’s Place Retail Stores Inc.’s fiscal fourth-quarter earnings fell 25 percent on lower-than-expected sales as the children’s clothing retailer also authorized a new $50 million stock repurchase program. The chain, which has been discounting heavily at the end of each season to get rid of piled up products, also forecast current-quarter and full-year earnings below what analysts were expectating and announced plans to open 60 new stores in fiscal 2012.
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