The Children's Place Retail Stores, Inc. to Build New 700,000 Square Foot Distribution Center in Fort Payne, Alabama.SECAUCUS, N.J. -- The Children's Place Retail Stores, Inc. (Nasdaq: PLCE PLCE Personal Load Carrying Equipment (British Army) ) announced that representatives from the Company attended a ground breaking ceremony today for its new 700,000 square foot automated distribution center in Fort Payne, Alabama Fort Payne is a city in DeKalb County, Alabama, United States. At the 2000 census the population was 12,938. The city is the county seat of DeKalb County. It is home to the band Alabama, and bills itself as the "Official Sock Capital of the World. . The Company expects the construction phase of its new facility to take approximately one year. The Company continues to implement its store expansion initiatives and its increased presence in the southern states Southern States U.S. Confederacy government of 11 Southern states that left the Union in 1860. [Am. Hist.: EB, III: 73] Dixie popular name for Southern states in U.S. and for song. [Am. Hist. has been met with strong customer demand. The new distribution center will effectively service that region and increase overall distribution efficiencies. "We are delighted to have chosen Fort Payne for the site of our new distribution center," said Mark Rose, Senior Vice President, Chief Supply Chain Officer. "We look forward to a great new team and facility playing a critical role in our distribution network." Governor Robert Riley added, "I am extremely pleased that The Children's Place has chosen Alabama for a substantial new distribution center and believe it is a testament to the many business advantages that our state offers expanding companies. With approximately 250 new jobs coming to DeKalb County DeKalb County stands for the following Counties in the United States of America:
The Company currently has three distribution centers: Ontario, California Ontario is a city located in San Bernardino County, California, United States. As of the 2000 Census, the city had a total population of 170,373. It is the home of LA/Ontario International Airport and the huge Ontario Mills shopping mall (the largest in Southern California and one ; Dayton, New Jersey Dayton is a census-designated place and unincorporated area located within South Brunswick Township, in Middlesex County, New Jersey. As of the United States 2000 Census, the CDP population was 6,235. Dayton is also a post office with its own ZIP code (08810). ; and Ontario, Canada. The Children's Place Retail Stores, Inc. is a leading specialty retailer of children's merchandise. The Company designs, contracts to manufacture and sells high-quality, value-priced merchandise under the proprietary "The Children's Place" and licensed "Disney Store" brand names. As of August 26, 2006, the Company owned and operated 827 The Children's Place stores and 325 Disney Stores in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and The Children's Place online store at www.childrensplace.com. This press release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . We undertake 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 Children's Place or any other person that the events or circumstances described in such statement are material. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion