Children's Place CFO Steven Baginski leaving company effective immediately The Children's Place Retail Stores announced the appointment of Michael Scarpa as executive VP and CFO, effective December 3. He will report to Jane Elfers, president and CEO. Steven Baginski, CFO, will be leaving the company effective immediately to pursue other interests.
Children's Place downgraded to Hold from Buy at Maxim As previously reported, Maxim downgraded Children's Place to Hold from Buy. The firm has lowered estimates and tempered gross margin expectations given FX impact, unfavorable weather, and likely apparel deflation. Price target lowered to $51 from $60.