The Kids’s Place, Inc.
SECAUCUS, N.J., Oct. 24, 2022 (GLOBE NEWSWIRE) — The Kids’s Place, Inc. (Nasdaq: PLCE), the most important pure-play youngsters’s specialty attire retailer in North America, right now introduced the appointment of Sheamus Toal as Senior Vice President and Chief Monetary Officer, efficient November 7, 2022. He’ll report back to Jane Elfers, President and Chief Government Officer. As Chief Monetary Officer, Mr. Toal will oversee finance, accounting, monetary planning & evaluation, tax, treasury, investor relations and inner audit. He may also oversee enterprise threat administration, actual property, authorized and ESG issues.
Ms. Elfers mentioned, “Sheamus has greater than 25 years of monetary and operational administration expertise with a confirmed monitor report of success. Sheamus brings a wealth of public firm specialty retail expertise and is revered as a extremely collaborative enterprise accomplice. On behalf of the whole senior management group, I’m thrilled to welcome Sheamus to The Kids’s Place.”
Mr. Toal, 53, was most lately the Government Vice President and Chief Monetary Officer at Saatva, Inc., a excessive progress digital e-commerce retailer. Beforehand, Mr. Toal spent over 16 years with New York & Firm the place he held a number of senior degree finance and operational positions as Chief Working Officer, Chief Monetary Officer, Chief Accounting Officer and Treasurer, culminating in his position as Chief Government Officer from 2020 to 2021, throughout which era he led the corporate by way of the COVID-19 pandemic. He started his profession in finance and accounting in positions of accelerating duty with Footstar, Inc. and Commonplace Motors Merchandise, Inc., and was a Supervisor with KPMG, LLP. He graduated Magna Cum Laude with a Bachelor of Science in Accounting from St. John’s College and is a Licensed Public Accountant.
Mr. Toal commented, “I very a lot look ahead to partnering with Jane and the proficient senior administration group that she has assembled. I’m excited to assist advance the corporate’s digital transformation technique and to drive shareholder worth.”
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About The Kids’s Place
The Kids’s Place is the most important pure-play youngsters’s specialty attire retailer in North America. The Firm designs, contracts to fabricate, sells at retail and wholesale, and licenses to promote trendy, high-quality merchandise predominantly at worth costs, primarily beneath the proprietary “The Kids’s Place”, “Place”, “Child Place”, “Gymboree,” “Sugar & Jade” and now, “PJ Place” model names. The Firm has on-line shops at www.childrensplace.com, www.gymboree.com, www.sugarandjade.com and www.pjplace.com, and as of July 30, 2022, the Firm had 658 shops in the USA, Canada, and Puerto Rico and the Firm’s six worldwide franchise companions had 212 worldwide factors of distribution in 16 international locations.
Ahead Wanting Statements
This press launch incorporates or might include forward-looking statements made pursuant to the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually are recognized by use of phrases akin to “might,” “will,” “ought to,” “plan,” “challenge,” “anticipate,” “anticipate,” “estimate” and related phrases, though some forward-looking statements are expressed in another way. These forward-looking statements are based mostly upon the Firm’s present expectations and assumptions and are topic to varied dangers and uncertainties that might trigger precise outcomes and efficiency to vary materially. A few of these dangers and uncertainties are described within the Firm’s filings with the Securities and Trade Fee, together with within the “Threat Elements” part of its Annual Report on Kind 10-Okay for the fiscal 12 months ended January 29, 2022. Included among the many dangers and uncertainties that might trigger precise outcomes and efficiency to vary materially are the danger that the Firm shall be unsuccessful in gauging style traits and altering client preferences, the dangers ensuing from the extremely aggressive nature of the Firm’s enterprise and its dependence on client spending patterns, which can be affected by adjustments in financial circumstances, the dangers associated to the COVID-19 pandemic, together with the impression of the COVID-19 pandemic on our enterprise or the financial system on the whole (together with decreased buyer visitors, colleges adopting distant and hybrid studying fashions, closures of companies and different actions inflicting decreased demand for our merchandise and detrimental impacts on our prospects’ spending patterns attributable to decreased earnings or precise or perceived wealth, and the impression of laws associated to the COVID-19 pandemic, together with any adjustments to such laws), the danger that the Firm’s strategic initiatives to extend gross sales and margin are delayed or don’t lead to anticipated enhancements, the danger of delays, interruptions and disruptions within the Firm’s international provide chain, together with ensuing from the COVID-19 pandemic or different illness outbreaks, overseas sources of provide in much less developed international locations, extra politically unstable international locations, or international locations the place distributors fail to adjust to trade requirements or moral enterprise practices, together with using compelled, indentured or little one labor, the danger that the price of uncooked supplies or power costs will improve past present expectations or that the Firm is unable to offset price will increase by way of worth engineering or value will increase, numerous forms of litigation, together with class motion litigations introduced beneath client safety, employment, and privateness and data safety legal guidelines and laws, the imposition of laws affecting the importation of foreign-produced merchandise, together with duties and tariffs, and the uncertainty of climate patterns. Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date they have been made. The Firm undertakes no obligation to launch publicly any revisions to those forward-looking statements that could be made to mirror occasions or circumstances after the date hereof or to mirror the incidence of unanticipated occasions.
Contact: Investor Relations (201) 558-2400 ext. 14500
