The Board of Directors of The Children’s Place Retail Stores, Inc. (NasdaqGS:PLCE) authorized a share repurchase program on November 26, 2012. Under the plan, the company will repurchase up to $100 million worth of its shares. Repurchases will be made in the open market at current market prices at the time of purchase or in privately negotiated transactions. The share repurchase program reflects the Board’s confidence in the company’s future performance and its on-going ... commitment to delivering increased value to shareholders. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other business and market conditions, and the company may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement. Till Febraury 2, 2013, the company has repurchased 416,437 shares for $19.66 million. As of March 25, 2013, the company has repurchased 516,437 shares for $25.56 million.
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