The Children's Place, Inc. Issues Chairman's Letter to Shareholders

SECAUCUS, N.J., May 24, 2024 (GLOBE NEWSWIRE) The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that Turki S. AlRajhi, Chairman of the Company’s Board of Directors and Chairman and CEO of Mithaq, the Company’s majority shareholder, issued a letter to shareholders of The Children’s Place, Inc.

In the letter, Mr. AlRajhi provides brief information about Mithaq’s background and approach; views on The Children’s Place’s historical financial performance; and preliminary observations of the Company’s strategy going forward, including capital allocation priorities, operational initiatives and communications practices.

The Chairman’s Letter can be found on the Company’s website:

2023-2024 Chairman’s Letter to TCP’s Shareholders.pdf (childrensplace.com)

About The Children’s Place

The Children’s Place is an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model. Its global retail and wholesale network includes four digital storefronts, more than 500 stores in North America, wholesale marketplaces and distribution in 16 countries through six international franchise partners. The Children’s Place designs, contracts to manufacture, and sells fashionable, high-quality apparel, accessories and footwear predominantly at value prices, primarily under its proprietary brands: “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and “PJ Place”.