8, 2009 (GLOBE NEWSWIRE) The Children's Place RetailStores, Inc. (Nasdaq:PLCE) today announced net sales of $204.6 million for thefive-week period ended January 3, 2009, a 2 increase compared to net sales of$199.9 million for the five-week period ended January 5, 2008. Consolidatedcomparable store sales were flat this December compared to a 6 increase inDecember 2007 Comparable store sales in the U.S. increased 2 during December2008 on top of a 4 increase in December 2007; and comparable store sales inCanada increased 6 in local currency during December 2008 on top of a 2increase in December 2007. During December 2008, the Company opened one storeand closed one. -DecemberFiscal Year-to-Date -2008 2007 2008 2007 Net Sales: - In Millions $204.6 $199.9$1,550.1 $1,438.0 - Change vs. Year Ago 2189 - Comparable Store Sales: - Change vs. 
Year Ago0632 -In conjunction with today's December sales release, you are invited to listen tothe Company's pre-recorded monthly sales call, which will be available beginningat 7:30 a.m Eastern Time today through Thursday, January 15, 2009. To accessthe call, please dial 1-800-283-4641 or you may listen through the InvestorRelations section of the Company's website, Children's Place Retail Stores, Inc is a leading specialty retailer ofchildren's merchandise. The Company designs, contracts to manufacture and sellshigh-quality, value-priced merchandise under the proprietary "The Children'sPlace" brand name. As of January 3, 2009, the Company owned and operated 921 TheChildren's Place stores and an online store at press release (and above referenced call) may contain certainforward-looking statements regarding future circumstances. These forward-lookingstatements are based upon the Company's current expectations and assumptions andare subject to various risks and uncertainties that could cause actual resultsto differ materially. Some of these risks and uncertainties are described in theCompany's filings with the Securities and Exchange Commission, including in the"Risk Factors" section of its report on Form 10-K.
The following risks anduncertainties could cause actual results, events and performance to differmaterially: the risk that the Company will be unsuccessful in gauging fashiontrends and changing consumer preferences, the risk resulting from the highlycompetitive nature of the Company's business and its dependence on consumerspending patterns, which may be affected by the downturn in the economy, andrisks and uncertainties relating to other elements of the Company's strategicreview. Readers (or listeners on the call) are cautioned not to place unduereliance on these forward-looking statements, which speak only as of the datethey were made. The Company undertakes no obligation to release publicly anyrevisions to these forward-looking statements that may be made to reflect eventsor circumstances after the date hereof or to reflect the occurrence ofunanticipated events. The inclusion of any statement in this release does notconstitute an admission by the Company or any other person that the events orcircumstances described in such statement are material.-0-CONTACT:The Children's Place Retail Stores, Inc.Jane Singer, Vice President, Investor Relations(201) 453-6955. ANAHEIM, Calif., Jan. 8, 2009 (GLOBE NEWSWIRE) Pacific Sunwear of California,Inc. (Nasdaq:PSUN) today reported that total PacSun sales for the five weeks offiscal December ended January 3, 2009 were $196.0 million, a decrease of ninepercent from total PacSun sales of $214.4 million during the same period lastyear.
PacSun same-store sales decreased 10 percent during the same period.Total PacSun sales for the first nine weeks of the fiscal fourth quarter of 2008were $297.0 million, a decrease of eight percent from total PacSun sales of$324.6 million during the same period last year. PacSun same-store salesdecreased ten percent during the same period.Total PacSun sales for the first 48 weeks of fiscal 2008 were $1.20 billion, adecrease of four percent versus total PacSun sales of $1.25 billion during thesame period last year. PacSun same-store sales decreased five percent during thesame period.During December, the Company significantly reduced its inventories, althoughwith a very high rate of markdowns. The Company ended fiscal December withinventories down 12 percent per square foot year-over-year and now expects toend fiscal 2008 with inventories down approximately 20 percent per square footyear-over-year. This compares to its previous expectation of inventories down atleast high-single digits at the end of fiscal 2008. Due in part to the increasedpromotions and anticipated further markdown reserves, and assuming a same-storesales decrease in the mid-teens range for the month of January, the Company nowexpects to report a fiscal 2008 fourth quarter net loss of $0.38 to $0.43 perdiluted share, including an estimated gain of approximately $0.10 per dilutedshare from the previously-announced sale of the Company's Anaheim distributioncenter.
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