The Children's Place Retail Stores, Inc. Reports March Sales Results

SECAUCUS, N.J., April 10, 2008 (PRIME NEWSWIRE) -- The Children's Place Retail
Stores, Inc. (Nasdaq:PLCE) today announced sales of $160.1 million for the
five-week period ended April 5, 2008, a 3% increase compared to sales of $155.7
million for the five-week period ended April 7, 2007. Comparable store sales
decreased 3% compared to last year's 5% comparable store sales increase.

Total Sales (millions):

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Year- Year-
March March % to-Date to-Date %
2008 2007 Increase 2008 2007 Increase
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The Children's $160.1 $155.7 3% $271.5 $251.8 8%
Place
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Comparable Store Sales Increase/(Decrease):

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March March Year-to-Date Year-to-Date
2008 2007 2008 2007
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The Children's (3)% 5% 1% 4%
Place
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As a result of the Company's decision to exit the Disney Store North America
("DSNA") business, the Company will report the results of the DSNA business as
discontinued operations from the beginning of the fiscal year and therefore will
no longer provide monthly sales results for the DSNA business. The discontinued
operations will be reflected in the Company's Form 10-Q for the first quarter
ended May 3, 2008.

In a separate press release this morning, the Company announced that Jill
Kronenberg, Senior Vice President, General Merchandise Manager, has resigned in
order to spend more time with her family, and that it is promoting Dina Sweeney
and Celeste Risimini-Johnson who between them will divide the responsibilities
of Ms. Kronenberg. For more information, please see the press release.

In conjunction with today's March sales release, you are invited to listen to
the Company's pre-recorded monthly sales call, which will be available beginning
at 7:30 a.m. Eastern Time today through Thursday, April 17, 2008. To access the
call, please dial (402) 220-2668 or you may listen through the Investor
Relations section of the Company's website, www.childrensplace.com.

The Children's Place Retail Stores, Inc. is a leading specialty retailer of
children's apparel and accessories. The Company designs, contracts to
manufacture and sells high-quality, value-priced merchandise under the
proprietary "The Children's Place" brand name. As of April 5, 2008, the Company
owned and operated 906 The Children's Place stores and its online store at
www.childrensplace.com.

This press release (and above referenced call) may contain certain
forward-looking statements regarding future circumstances. These forward-looking
statements are based upon the Company's current expectations and assumptions and
are subject to various risks and uncertainties that could cause actual results
to differ materially. Some of these risks and uncertainties are described in the
Company's filings with the Securities and Exchange Commission, including in the
"Risk Factors" section of its reports on Forms 10-K and 10-Q. Risks and
uncertainties relating to the exit of the DSNA business, including the risk that
the transaction with The Walt Disney Company may not be approved or may not
occur, the risk that any plan or reorganization may not be approved, the risk
that claims may be asserted against the Company or its subsidiaries other than
Hoop, whether or not such claims have any merit, and that the Company will need
to devote substantial resources to defend such claims, the risk that Disney may
bring litigation against the Company and assert various claims under the
Guaranty Agreement and other agreements relating to the Company's operation of
the DSNA business, the risk that the Company may not be able to access, if
necessary, additional sources of liquidity or obtain financing on commercially
reasonable terms or at all, the risk that the Company will be unsuccessful in
gauging fashion trends and changing consumer preferences, the highly competitive
nature of the Company's business and its dependence on consumer spending
patterns, which may be affected by the downturn in the economy, as well as risks
and uncertainties relating to other elements of the Company's strategic review,
could cause actual results, events and performance, including aggregate
estimated exit costs, to differ materially. Readers (or listeners on the call)
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date they were made. The Company undertakes no
obligation to release publicly any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. The inclusion of any statement
in this release does not constitute an admission by the Company or any other
person that the events or circumstances described in such statement are
material.

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CONTACT: The Children's Place Retail Stores, Inc.
Heather Anthony, Senior Director, Investor Relations
(201) 558-2865

FD
Media:
Leigh Parrish
Diane Zappas
(212) 850-5600