Children's Place Retail Stores, Inc. (NASDAQ:PLCE)
The Company is a specialty retailer of children's merchandise. It designs, contract to manufactures and sells high-quality, value-priced merchandise under its proprietary 'The Children's Place' and licensed 'Disney Store' brand names.
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They built/remodeled 100 Children's Place
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have you ever been there...?
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Parent like to spend on their kids.
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Best performing store in mall/outlet sector. Great mix of price, quality and in-demand styles. Best product for the price in kids clothing, Gymboree overpriced product/Old Navy low quality product.
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steady performer with money coming in consistently - has pullbacks that should be bought - partial entry here and buy again at $60-$65 range
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One of the most sound companies in the retail / services / apparel group.
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PLCE is knows and stays focused on it' market better than anyone in the kidsclothes biz. Good growth , strong management, excellent point of sale MIS, sells its clothing exclusively thru it's own leased mall stores. Capitalizes on trends with rapid responce management.
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I have little ones and so do a lot of other people, they grow out of clothges overnight.
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I don't usually go for these types of mall retail investments, but I smell a trend and would like to take advantage of it.
The trend: we're in the middle of a baby boom. Everybody is having kids. Pregnancy is so "in" right now. My superficial, gut instinct is that everyone from now until Christmas is gonna be shopping at Children's Place. Babies R Us is another good one, but that isn't public.
This may be a crap shoot, but I'm guessing this year and next year PLCE will have record revenues and earnings.
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