Shareholders For Change at The Children's Place Issues Open Letter to The Children's Place Shareholders

NEW YORK, May 12, 2015 /PRNewswire/ -- Shareholders for Change at The Children's Place, a group led by Macellum Advisors GP, LLC and Barington Capital Group, L.P., who collectively beneficially own approximately 2.1% of The Children's Place, Inc. ("The Children's Place" or the "Company") PLCE, today announced that it has issued an open letter to shareholders of The Children's Place.  In the letter, Shareholders for Change at The Children's Place highlights the Company's prolonged underperformance under the oversight of the current Board of Directors (the "Board") and sets the record straight regarding the Company's misleading statements throughout this election contest so that shareholders may have a complete and accurate understanding of the facts before they cast their votes at the upcoming 2015 Annual Meeting (the "Annual Meeting").  Shareholders for Change at The Children's Place also highlights in the letter that Institutional Shareholder Services Inc., a leading proxy voting advisory firm, recently announced its support that change is warranted on the Board.

Shareholders for Change at The Children's Place urges all shareholders to elect its two highly qualified nominees, Seth R. Johnson and Robert L. Mettler, to the Board at the upcoming Annual Meeting by voting the BLUE proxy card TODAY.

The full text of the letter and all investor materials pertaining to this solicitation are available for viewing at the following link: http://www.changeplce.com.

If you have any questions or require any assistance with your vote, please contact D.F. King & Co., Inc. at the numbers listed below.

Contact Details:
Jonathan Duskin
Macellum Capital Management, LLC
(212) 956-3008 

George W. Hebard III
Barington Capital Group, L.P.
(212) 974-5733

Richard Grubaugh
D.F. King & Co., Inc.
(212) 269-5550
800-515-4507 (Toll-free)

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholders-for-change-at-the-childrens-place-issues-open-letter-to-the-childrens-place-shareholders-300082325.html

SOURCE Macellum Advisors GP, LLC; Barington Capital Group, L.P.