The Children's Place Retail Stores,Inc.,the largest pure-play children's specialty apparel retailer in North America,announced the appointment of Michael Scarpa as Executive Vice President and Chief Financial Officer,effective December 3,2012.He will report to Jane Elfers,President and Chief Executive Officer.

"Mike Scarpa brings a wealth of industry and public company experience,and I am very pleased to welcome him to The Children's Place,"commented Jane Elfers."Having known Mike for many years,I am confident that he will be a strong partner as we work together to achieve the Company's full growth potential."

Mr.Scarpa,56,has more than 30 years of financial and operational management experience.Most recently,he was Chief Operating Officer and Chief Financial Officer of The Talbots,Inc.with responsibility for Finance,Treasury,Planning and Allocation,Supply Chain,Information Technology and Corporate Strategy.Previously,Mr.Scarpa spent 25 years with Liz Claiborne,Inc.where he held positions of increasing responsibility,culminating in his appointment as Chief Operating Officer.He began his career in financial positions with Maidenform,Inc.and Krementz and Company.Mr.Scarpa earned his BS and MBA degrees from Rutgers University,and is a CPA.Steven Baginski,CFO,will be leaving the Company effective immediately to pursue other interests.

The Children's Place is the largest pure-play children's specialty apparel retailer in North America.