The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today reported record sales and earnings for the second quarter ended July 29, 2000. "We are extremely gratified with the Company's record performance by reporting a profit in what is traditionally the weakest quarter of the year for the Company. This strong performance was driven by an exciting Summer line, our strategically planned promotional activity and a well-received Back-to-School line, together with the continued improvement of our operating and marketing strategies," commented Ezra Dabah, Chairman and Chief Executive Officer.