The Children's Place Retail Stores has announced that Neal Goldberg, president of The Children's Place brand, has resigned from his position to pursue another business opportunity.

The company said that Chuck Crovitz, interim chief executive officer of The Children's Place Retail Stores, will directly oversee the responsibilities and management team of The Children's Place brand until a permanent replacement for Goldberg is named.

"We thank Neal for his service and contribution to our company over the past four years and wish him well in his future endeavors. We have a deep and talented team of managers and associates running The Children's Place and I have confidence in their ability to achieve our goals for the brand. In addition, the team will be working closely with me on operational initiatives as we strive to maximise the company's long-term potential," said Crovitz.