The Children's Place Retail Stores, Inc. Announces Merchandise Management Change

SECAUCUS, N.J., April 10, 2008 (PRIME NEWSWIRE) -- The Children's Place Retail
Stores, Inc. (Nasdaq:PLCE) today announced Jill Kronenberg, Senior Vice
President, General Merchandise Manager for The Children's Place brand since
October 2006, has resigned from the Company to spend more time with her family.
Dina Sweeney and Celeste Risimini-Johnson have been promoted to Group Vice
President and Vice President, respectively, who between them will divide the
responsibilities of Ms. Kronenberg.

Commenting on Ms. Kronenberg's departure, Chuck Crovitz, Interim Chief Executive
Officer, stated, "We thank Jill for the many contributions she has made to the
merchandising organization and wish her the best of luck in the future. Jill has
been instrumental in our efforts to enhance our merchandise offerings, the
initial results of which we have experienced over the Holiday and Spring
seasons."

Said Ms. Kronenberg, "I have appreciated being part of The Children's Place team
and believe the brand is headed in the right direction with exciting fashion,
color coordinated outfitting, and great value. I am honored to have worked with
such a talented and dedicated group of people and wish the Company all the best.
I am looking forward to this next stage in my life and spending more time with
my family."

Ms. Sweeney and Ms. Risimini-Johnson are both merchandising veterans of The
Children's Place, each having spent over 15 years with the Company. For the past
three years Ms. Sweeney, 42, has overseen the Company's Canada business, most
recently serving as Vice President, Canada, which has experienced substantial
growth and profitability under her leadership. In addition to overseeing the
Company's Canada business, in 2007 she was promoted to oversee the Company's
fast growing e-commerce business. Prior to this, she held several positions of
increasing responsibility within the merchandising organization, most recently
having served as Director of Merchandising.

Ms. Risimini-Johnson, 38, most recently held the position of Senior Director,
New Business Initiatives. In 2006, Ms. Risimini-Johnson led the Company's
efforts to launch its store-within-a-store shoe initiative which the Company
introduced in 2007. In 2002, Ms. Risimini-Johnson was promoted to oversee the
Company's outlet division, which during her tenure experienced 30% sales growth
on a compounded annual basis. Prior to this, she held several positions of
increasing responsibility within the merchandising organization, most recently
having served as Director of Merchandising. Ms. Risimini-Johnson joined The
Children's Place in 1992.

Mr. Crovitz concluded, "We are delighted to promote Dina and Celeste into these
much deserved roles. Dina and Celeste are valued members of our team who have
been instrumental to the success of our business over the years. Dina and
Celeste are intensely passionate about The Children's Place brand and what it
stands for. We anticipate a smooth leadership transition from Jill to Dina and
Celeste and believe the momentum we are experiencing inside the merchandising
organization will result in continued improvements to our assortments."

This morning the Company reported its March sales results in a separate press
release. For more information, please see the press release.

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 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 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.

-0-
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