SECAUCUS, N.J., April 27, 2026 (GLOBE NEWSWIRE) — The Kids’s Position, Inc. (Nasdaq: PLCE), one of the most most effective pure-play youngsters’s uniqueness outlets in North The united states with an omni-channel presence, is happy to announce that it has signed a brand new strategic partnership settlement with Al Othaim Lifestyles Corporate, marking a thrilling milestone within the emblem’s go back to the Kingdom of Saudi Arabia.
This partnership represents an important step ahead in The Kids’s Position’s world expansion technique and reaffirms its dedication to the Saudi Arabia marketplace. Via this collaboration, Al Othaim will function The Kids’s Position’s legitimate running spouse within the Kingdom of Saudi Arabia, supporting the emblem’s enlargement and long-term presence within the area.
Muhammad Umair, President and Leader Government Officer mentioned, “We are thrilled to partner with Al Othaim as we re-enter the Kingdom of Saudi Arabia. This agreement reflects our confidence in the market and our excitement about reconnecting with customers throughout the country. Al Othaim’s deep local expertise and strong retail presence make them an ideal partner for this next chapter.”
Eli Aoun, Leader Government Officer of Al Othaim mentioned, “We are proud to partner with The Children’s Place to build something truly special in Saudi Arabia—bringing a globally recognized children’s brand closer to Saudi families and delivering an exceptional, accessible, and inspiring retail experience. The Children’s Place holds strong relevance in the Saudi market, with significant potential to serve the evolving needs of our customers across all regions and cities in the Kingdom.”
Preliminary retailer openings within the Kingdom of Saudi Arabia are scheduled for this 12 months, marking the primary section of the emblem’s renewed presence within the area. Those places will lay the basis for a broader rollout around the nation. The Corporate seems to be ahead to opening its flagship location in Riyadh later this 12 months.
About The Kids’s PlaceThe Kids’s Position is likely one of the most effective pure-play youngsters’s uniqueness outlets in North The united states with an omni-channel presence. Its world retail and wholesale community comprises two virtual storefronts, 498 retail outlets in North The united states, wholesale marketplaces and distribution in 12 nations via 9 world franchise and wholesale companions. The Kids’s Position designs, contracts to fabricate, and sells trendy, high quality, head-to-toe outfits predominantly at worth costs, basically beneath its proprietary manufacturers: “The Children’s Place” and “Gymboree”. For more info, talk over with: www.childrensplace.com and www.gymboree.com.
About Abdullah Al Othaim Type CompanyFounded in 1998, Al Othaim Lifestyles is a number one style store in Saudi Arabia and a subsidiary of Al Othaim Funding Corporate, beneath the management of Chairman Abdullah Bin Salah Al Othaim. From a modest get started with two manufacturers and 16 retail outlets, the corporate has grown right into a various retail platform running 27 manufacturers throughout greater than 370 retail outlets national. Al Othaim Lifestyles serves a large buyer base throughout genders and source of revenue segments, whilst actively contributing to the Saudi financial system via process advent and early life construction. The corporate has additionally completed robust development in virtual transformation, running on over 13 on-line platforms to support its omnichannel presence. Having a look forward, Al Othaim Lifestyles is enthusiastic about handing over sustainable double-digit expansion, aligned with the objectives of Saudi Imaginative and prescient 2030.
Ahead-Having a look StatementsThis press unlock comprises or might include forward-looking statements made pursuant to the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995, together with however now not restricted to statements in relation to the Corporate’s strategic tasks and result of operations. Ahead-looking statements in most cases are recognized by way of use of phrases reminiscent of “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate,” “believe” and identical phrases, even supposing some forward-looking statements are expressed another way.
Those forward-looking statements are primarily based upon the Corporate’s present expectancies and assumptions and are matter to more than a few dangers and uncertainties that might purpose precise effects and function to range materially.
A few of these dangers and uncertainties are described within the Corporate’s filings with the Securities and Change Fee, together with within the “Part I, Item1A. Risk Factors” segment of its annual document on Shape 10-Okay for the fiscal 12 months ended January 31, 2026.
Incorporated a number of the dangers and uncertainties that might purpose precise effects and function to range materially are the danger that the Corporate won’t be able to reach running effects at ranges enough to fund and/or finance the Corporate’s present stage of operations and compensation of indebtedness, the danger that adjustments in industry coverage and tariff regimes, together with newly imposed U.S. price lists and any responsive non-U.S. price lists, might affect the Corporate’s world production and operations or consumers’ discretionary spending conduct, the danger that the Corporate might be unsuccessful in gauging style tendencies and converting shopper personal tastes, the hazards as a result of the extremely aggressive nature of the Corporate’s industry and its dependence on shopper spending patterns, that could be suffering from adjustments in financial stipulations (together with inflation), the danger that adjustments within the Corporate’s plans and techniques with appreciate to pricing, capital allocation, capital construction, investor communications and/or operations will have a detrimental impact at the Corporate’s industry, the danger that the Corporate’s strategic tasks to extend gross sales and margin, give a boost to operational efficiencies, support running controls, decentralize operational authority and reshape the Corporate’s tradition are not on time or don’t lead to expected enhancements, the danger of delays, interruptions, disruptions and better prices within the Corporate’s world provide chain, together with as a result of illness outbreaks, overseas resources of provide in much less advanced nations, extra politically risky nations, or nations the place distributors fail to conform to business requirements or moral industry practices, together with using compelled, indentured or kid hard work, the danger that the price of uncooked fabrics or power costs will build up past present expectancies or that the Corporate is not able to offset price will increase via worth engineering or worth will increase, more than a few kinds of litigation, together with magnificence motion litigation introduced beneath securities, shopper coverage, employment, and privateness and knowledge safety rules and laws, dangers associated with the lifestyles of a controlling stockholder, and the uncertainty of climate patterns, in addition to different dangers mentioned within the Corporate’s filings with the SEC now and again.
Readers are cautioned to not position undue reliance on those forward-looking statements, which talk most effective as of the date they had been made. The Corporate undertakes no legal responsibility to unlock publicly any revisions to those forward-looking statements that can be made to replicate occasions or cases after the date hereof or to replicate the prevalence of unanticipated occasions.
Touch: Investor Members of the family (201) 558-2400 ext. 14500
