The Children's Place gains 4.5% on flat September sales
The Children's Place Retail Stores Inc. (Nasdaq:PLCE) rose 4.5% this morning after the company reported flat sales for September, while many other retailers were posting lower sales.
The Secaucus, N.J.-based children’s apparel retailer said before the bell this morning that comparable-store sales were flat and net sales were up 2% compared with last year.
By midday, The Children’s Place is at $31.75, up $1.36 from Tuesday’s close. The stock has traded between $14.92 and $43.40 in the past year.
For detailed price information and news stories on The Children’s Place, click PLCE.
About the Author
Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
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