The Children’s Place updates guidance for Q4 and FY ’16 | Retail News USA
Home » News » Retailers News » The Childrens Place Updates Guidance For Q4 And Fy 16

The Children’s Place updates guidance for Q4 and FY ’16

Share: 
      Newsletter

READ MORE ON Retailer News USARetail InformationThe Children’s Place

The Children’s Place

Image Courtesy: simplysavvyliving.com

The Children’s Place Inc., US-based largest pure-play children’s specialty apparel retailer, has increased guidance for the fourth quarter and full-fiscal year 2016 comparable retail sales.

The updated guidance for the fourth quarter assumes a comparable retail sales increase of approximately 6 to 7 per cent for the quarter compared to a 6.7 per cent increase in the comparable period last year and previous guidance of a low single digit increase. Also, the updated full fiscal guidance assumes a comparable retail sales increase of approximately 5 per cent for the year.

Also ReadG-III Apparel updates Q4 and FY ’17 guidance

Jane Elfers, President and Chief Executive Officer, TCP announced, “Our comparable retail sales were positive 6.9 per cent through the first nine weeks of the fourth quarter, compared to positive 7.3 per cent in the comparable nine-week period in the fourth quarter last year. Based on these outstanding results, we are increasing our fourth quarter and fiscal year 2016 guidance for comparable retail sales and adjusted diluted EPS. Our strong performance is the result of consistent execution against our long term strategic growth initiatives led by a best in class management team.”

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

MANGO opens new flagship store in Madrid

With an aim to consolidate its presence in Spain, fashion retailer MANGO has unveiled its new flagship store in Madrid. MANGO, founded in...

Diesel to launch its first mono-brand store in Myanmar

Italian apparel brand Diesel is venturing into Myanmar with its first mono-brand outlet at Yangon International Airport. The first Asian travel retail store...

Ted Baker sees surge in US, Canada sales; looks for expansion

Luxury clothing retailer Ted Baker has noted growth in its revenue of 16.4 per cent to Euro 531 million. The brand also saw raise in its pre-tax profit of 12...

Kraig Biocraft Laboratories Awarded Investment Certificate in Vietnam

ANN ARBOR, Mich., March 27, 2017 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading developer of spider silk based fibers, announced today that it has just been...

Macy’s, G-III sign deal for DKNY women’s apparel and accessories

Macy's Inc., one of the USA's premier retailers, and G-III Apparel Group Ltd., a leading manufacturer and distributor of apparel and accessories under...

Walmart to grow its footprint in India; open 50 new stores

US-based leading multinational corporation Walmart has decided to expand its footprint in India by opening 50 new stores in next three to four...

PVH Corp. inks deal with Li & Fung Limited

PVH Corp., one of the largest apparel companies in the world, has entered into agreements with Hong Kong-based Li & Fung Limited, world...

Francesca’s sales up 9% in Q4

US-based apparel retailer Francesca's has reported that its fourth quarter net sales rose 9 per cent to US $ 146.3 million. Same-store sales...

Perry Ellis’ third quarter revenue tumbles 4.7%

US-based clothing retailer, Perry Ellis International, has announced its fourth quarter results, showing 4.7 per cent decline in total revenue from US $...

Duluth Holdings Celebrates Grand Opening of its Eighteenth Store in Burlington, Massachusetts

BELLEVILLE, Wis., March 23, 2017 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ:DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories,...