Robert F. Helm, SVP Finance & Inventory Administration, Appointed Main Fiscal Officer, effective April 1, 2021 Michael Scarpa, Chief Economical Officer, to Retire from The Children’s Place, powerful March 31, 2021

SECAUCUS, N.J., Feb. 01, 2021 (Globe NEWSWIRE) — The Children’s Area, Inc. (Nasdaq: PLCE), the premier pure-play children’s specialty attire retailer in North The us, now introduced that Robert “Rob” F. Helm, Senior Vice President, Finance & Inventory Management, has been appointed Chief Money Officer helpful April 1, 2021. Michael Scarpa, age 65, has resolved to retire from The Children’s Location effective March 31, 2021.

Jane Elfers, President and Main Govt Officer, said, “Rob is associated in all facets of the enterprise and has been instrumental in serving to to navigate the Business in the course of the COVID-19 disaster.  I have self esteem in Rob’s means to seamlessly transition to the CFO job and to go on to spouse with me to create worth for our shareholders.”

Rob Helm, 41, joined The Children’s Spot in 2016. Rob has taken on roles of raising obligation above the earlier couple a long time in planning for the Main Economic Officer job, such as his appointment as Principal Accounting Officer in November 2018, and culminating in his appointment as Senior Vice President, Finance & Stock Administration in November 2019. In his present function, Rob oversees economical planning & assessment, monetary reporting, accounting operations, tax, treasury, investor relations and stock management.  In the CFO purpose, Rob will just take on included accountability for internal audit.  Rob will report to Jane Elfers, President and Chief Executive Officer. Prior to becoming a member of The Children’s Place, Rob held senior finance and accounting roles at Ralph Lauren, Fresh Direct, and Rag & Bone.

Ms. Elfers concluded, “We wish Mike properly in his retirement.”

About The Children’s Position

The Children’s Place is the greatest pure-engage in children’s specialty attire retailer in North The usa. The Enterprise layouts, contracts to manufacture, sells at retail and wholesale, and licenses to market modern, substantial-good quality merchandise predominantly at value costs, generally under the proprietary “The Children’s Place”, “Place”, “Baby Place”, and “Gymboree” brand name names. As of October 31, 2020, the Business experienced 809 stores in the United States, Canada and Puerto Rico, online shops at and, and the Company’s 8 worldwide franchise companions had 252 international points of distribution in 19 nations around the world.

Ahead Seeking Statements

This push release, consists of or may well include ahead-hunting statements designed pursuant to the protected harbor provisions of the Private Securities Litigation Reform Act of 1995, such as but not confined to statements relating to the Company’s strategic initiatives and altered web income per diluted share. Ahead-looking statements normally are identified by use of conditions these as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and equivalent words and phrases, even though some forward-hunting statements are expressed in a different way. These ahead-wanting statements are centered upon the Company’s recent expectations and assumptions and are issue to a variety of dangers and uncertainties that could bring about real success and effectiveness to differ materially. Some of these challenges and uncertainties are described in the Company’s filings with the Securities and Trade Fee, like in the “Risk Factors” segment of its once-a-year report on Sort 10-K for the fiscal year finished February 1, 2020 and supplemented by the “Risk Factors” sections of its quarterly reviews on Type 10-Q for the fiscal quarter ended May 2, 2020 and the fiscal quarter ended August 1, 2020. Integrated between the risks and uncertainties that could result in actual results and functionality to vary materially are the chance that the Corporation will be unsuccessful in gauging manner tendencies and transforming shopper choices, the risks resulting from the very aggressive nature of the Company’s company and its dependence on shopper expending patterns, which might be afflicted by modifications in economic problems, the dangers similar to the COVID-19 pandemic, which includes the influence of the COVID-19 pandemic on our business enterprise or the economy in basic (which includes decreased buyer website traffic, schools adopting hybrid and distant understanding models, closures of enterprises and other functions creating lowered demand for our products and detrimental impacts on our customers’ paying styles thanks to reduced income or true or perceived prosperity, and the effects of the CARES Act and other laws relevant to the COVID-19 pandemic, and any adjustments to the CARES Act or such other laws), the possibility that the Company’s strategic initiatives to improve product sales and margin are delayed or do not end result in expected improvements, the risk of delays, interruptions and disruptions in the Company’s worldwide supply chain, including resulting from COVID-19 or other ailment outbreaks, international sources of offer in considerably less made nations around the world or additional politically unstable nations around the world, the danger that the value of uncooked materials or strength selling prices will improve further than existing anticipations or that the Enterprise is not able to offset price increases through benefit engineering or value improves, numerous sorts of litigation, which includes class motion litigations introduced less than customer security, employment, and privateness and information safety laws and polices, the imposition of polices affecting the importation of overseas-developed items, such as duties and tariffs, and the uncertainty of climate patterns. Audience are cautioned not to put undue reliance on these ahead-searching statements, which speak only as of the date they ended up made. The Firm undertakes no obligation to release publicly any revisions to these ahead-searching statements that may perhaps be designed to reflect functions or conditions immediately after the day hereof or to reflect the incidence of unanticipated occasions.

Trader Relations, (201) 558-2400 x 14500