US retailer The Children's Place has announced that chief operating officer Eric Bauer has left the company.

President and CEO Jane Elfers will resume oversight of the company's supply chain, store operations, finance, IT and real estate functions.

"We thank Eric for his contributions and wish him well in his future endeavours," said Elfers.

In May, the company said that first-quarter profit was down as restructuring costs offset a rise in sales. Net profit declined 18.9% to US$23.6m over the quarter ended 28 April. Over the period, the company shuttered one distribution centre, streamlined its field workforce and restructured its corporate headquarters - moves that it expects to result in annual savings of around $9m.