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March 21, 2008
Disney Store North America to be Reacquired?
The Walt Disney Company has confirmed that it is in advanced talks to regain ownership of two-thirds of Disney Stores in North America from The Children's Place Retail Stores Inc. While Children's Place posted a net gain when one-time items are excluded, they still fell short of analysts' average estimates as a tough economic environment crimped consumer spending. Children's Place said consolidated comparable sales for all its stores in the fourth quarter rose 3 percent, while the Disney Stores comparable sales fell 4 percent.