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- Jan 3, 2001
Children's Place To Expand Disney Stores Into Outlet
GLENDALE, Calif. -(Dow Jones)- Children's Place Retail Stores Inc. (PLCE) expands its Disney North America stores into the retail-outlet market with the official opening of its first outlet store in New York this weekend.
In a press release Thursday, the children's retailer said this is its first move in real-estate strategy since the company bought the unit from Walt Disney Co. (DIS) in November.
A Children's Place spokeswoman said the real-estate strategy refers to the company's view that outlets will be particularly successful for Disney stores, partly because outlet shoppers tend to be very brand-conscious.
The new Disney store will open at Woodbury Common Premium Outlets spanning more than 7,000 square feet. The grand opening is this weekend, the company official said, but the store has been open for business since its "soft opening" on Wednesday.
Children's Place plans to open 10 new stores this year, said the spokeswoman, and six of them will be outlet stores. Aside from the New York location, the company is slated to open outlet stores in California, Arizona, Illinois, Tennessee and Ontario.
The representative said there are currently 305 Disney stores in North America, and the company expects to grow that number to about 600 in the long- term. Out of those 600, she added, about 60 will be outlet stores.
GLENDALE, Calif. -(Dow Jones)- Children's Place Retail Stores Inc. (PLCE) expands its Disney North America stores into the retail-outlet market with the official opening of its first outlet store in New York this weekend.
In a press release Thursday, the children's retailer said this is its first move in real-estate strategy since the company bought the unit from Walt Disney Co. (DIS) in November.
A Children's Place spokeswoman said the real-estate strategy refers to the company's view that outlets will be particularly successful for Disney stores, partly because outlet shoppers tend to be very brand-conscious.
The new Disney store will open at Woodbury Common Premium Outlets spanning more than 7,000 square feet. The grand opening is this weekend, the company official said, but the store has been open for business since its "soft opening" on Wednesday.
Children's Place plans to open 10 new stores this year, said the spokeswoman, and six of them will be outlet stores. Aside from the New York location, the company is slated to open outlet stores in California, Arizona, Illinois, Tennessee and Ontario.
The representative said there are currently 305 Disney stores in North America, and the company expects to grow that number to about 600 in the long- term. Out of those 600, she added, about 60 will be outlet stores.