SECURITIES AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
March 5, 2012
PLACE RETAIL STORES, INC.
|(Exact Name of Registrants as Specified in Their Charters)|
| (State or Other Jurisdiction of Incorporation)|
|(Commission File Number)
||(IRS Employer Identification No.)|
|500 Plaza Drive, Secaucus, New Jersey
|(Address of Principal Executive Offices)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
|o||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|o||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|o||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|o||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
2.02 Results of Operations and Financial Condition.
On March 7, 2012, the Company
issued a press release containing the Company's financial results for the fourth quarter of the fiscal year ended January 28, 2012
(“Fiscal 2011”) and for Fiscal 2011, and providing a preliminary estimated range of adjusted earnings per diluted share
for the first quarter of the fiscal year ending February 2, 2013 (“Fiscal 2012”) and for Fiscal 2012. A copy of the
press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this
Current Report is being furnished pursuant to Item 2.02 of Form 8-K, insofar as it discloses historical information regarding the
Company’s results of operations and financial condition as of and for the fourth quarter of Fiscal 2011 and as of and for
Fiscal 2011. In accordance with General Instruction B.2 of Form 8-K, such information in this Current Report on Form 8-K, including
Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the
“Exchange Act”), as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth
by specific reference in such a filing.
Item 8.01 Other Events.
On March 5, 2012, the Board of Directors
of the Company approved a $50 million share repurchase program, authorizing the Company to repurchase its common stock. Under the
program, the Company may repurchase shares in the open market at current market prices at the time of purchase or in privately
negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors
including price, corporate and regulatory requirements, and other business and market conditions, and the Company may suspend or
discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement.
Item 9.01 Financial Statement
||Press release, dated March 7, 2012, issued by the Company (Exhibit 99.1 is furnished as part of this Current Report on Form 8-K).|
Forward Looking Statements
This Current Report
on Form 8-K, including Exhibit 99.1, contains forward-looking statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s positioning,
and forecasts regarding store openings and earnings per diluted share from continuing operations. Forward-looking statements typically
are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,”
“expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements
are expressed differently. 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 and performance
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 annual report on Form 10-K for the fiscal year ended January
29, 2011. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the
risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from
the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected
by a further downturn in the economy or by other factors such as increases in the cost of gasoline and food, and the risk that
the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost
increases through value engineering or price increases, and the uncertainty of weather patterns. 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.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 7, 2012
||THE CHILDRENS PLACE RETAIL STORES, INC.
||/s/ Jane Elfers
||President and Chief Executive Officer