SECAUCUS, NJ, Aug. 23, 2024 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), an omnichannel children’s brands portfolio, today announced that Claudia Lima-Guinehut has been named Brand President, effective September 9, 2024. Ms. Lima-Guinehut returns to The Children’s Place, Inc. from Claire’s Holdings LLC, where she served as Executive Vice President and Chief Merchandising Officer since June 2023.
As Brand President, Ms. Lima-Guinehut will oversee all customer-facing activities across the Company’s family of brands and will be responsible for design, sourcing, merchandising, brand marketing, planning, allocation, and the Company’s wholesale and international business. She will report to Muhammad Umair, President and Interim Chief Executive Officer.
Mr. Umair stated, “Claudia is a talented leader and we are delighted to welcome her back to The Children’s Place. We look forward to working closely with her on strategies to delight our customers, improve our competitiveness and increase shareholder value through an innovative approach to managing our legacy brands.”
Ms. Lima-Guinehut said, “It is an extraordinary opportunity to rejoin The Children’s Place at this critical time. I look forward to working with our talented teams to develop bold, creative strategies that not only drive profitable growth but also resonate with moms and families. Our mission is to combine the timeless appeal of tried-and-true basics with the excitement of on-trend styles, deliver exceptional value across brands, and ensure a seamless omnichannel experience across all touchpoints to delight our customers and keep them coming back to us again and again.”
Claudia Lima-Guinehut biography
Claudia Lima-Guinehut has served as Executive Vice President and Chief Merchandising Officer of Claire’s Holdings LLC since 2023. In her previous role at The Children’s Place from 2014 to 2023, Ms. Lima-Guinehut held positions of increasing responsibility, most recently as Senior Vice President, Global Merchandising and Strategic Partnerships, a role in which she was responsible for developing and executing product strategies for all brands across multiple distribution channels, as well as leading operations for wholesale and international franchises. Prior to that, she served as Director of International Merchandising for Destination Maternity from 2011 to 2014 and held merchandising and product design positions at Zara, Camuto Group, Ralph Lauren and Fifth & Pacific Companies. She earned her Bachelor of Science in Marketing from New York University and her SIPA Master of Business Administration from Columbia University.
About The Children’s Place
The Children’s Place is an omnichannel children’s brand portfolio. Its global retail and wholesale network includes two digital stores, more than 500 stores in North America, wholesale marketplaces and distribution in 16 countries through six international franchise partners. The Children’s Place designs, manufactures and sells fashionable, high-quality clothing, accessories and footwear at predominantly affordable prices, primarily under its own brands: “The Children’s Place,” “Gymboree,” “Sugar & Jade” and “PJ Place.” For more information, visit: www.childrensplace.com and www.gymboree.com and the company’s social media channels on Instagram, Facebook, X (formerly known as Twitter), YouTube and Pinterest.
Forward-looking statements:
This press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company’s strategic initiatives and results of operations, including adjusted net income (loss) per diluted share. Forward-looking statements are typically identified by terminology such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its Annual Report on Form 10-K for the fiscal year ended February 3, 2024. The risks and uncertainties that could cause actual results and performance to differ materially include the risk that the Company will not be able to achieve operating results at a level sufficient to fund the Company’s current level of operations and the repayment of indebtedness, the risk that the Company will not be able to anticipate fashion trends and changing consumer preferences, the risks arising from the Company’s business being highly competitive and its dependence on consumer spending patterns, which may be affected by changes in economic conditions (including inflation), the risk that changes in the Company’s plans and strategies relating to pricing, capital allocation, capital structure, investor communications and/or business operations will have an adverse effect on the Company’s business, the risk that the Company’s strategic initiatives to increase revenue and margin, improve operational efficiency, improve operational controls, decentralize operational responsibility and redesign the company’s culture will be delayed or will not result in the expected improvements, the risk of delays, interruptions, disruptions and higher costs in the Company’s global supply chain, including those resulting from disease outbreaks, foreign sourcing in less developed countries, more politically unstable countries or countries where suppliers do not comply with industry standards or ethical business practices, including the use of forced, bonded or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company will be unable to offset cost increases through value analysis or price increases, various types of litigation, including class actions under securities, consumer protection, employment and privacy and information security laws and regulations, the imposition of regulations on the import of foreign-produced goods, including duties and tariffs, risks associated with the existence of a controlling shareholder and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
The Place of Children Contact:
Investor Relations (201) 558-2400 ext. 14500
