<SUBMISSION>
<ACCESSION-NUMBER>0001144204-09-019441
<TYPE>4/A
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20080628
<FILING-DATE>20090407
<DATE-OF-FILING-DATE-CHANGE>20090407
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>SILVERSTEIN STANLEY
<CIK>0001055164
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4/A
<ACT>34
<FILE-NUMBER>000-23071
<FILM-NUMBER>09738549
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET2>ONE DODGE DR
<CITY>WEST CALDWELL
<STATE>NJ
<ZIP>07006
</MAIL-ADDRESS>
</REPORTING-OWNER>
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>CHILDRENS PLACE RETAIL STORES INC
<CIK>0001041859
<ASSIGNED-SIC>5651
<IRS-NUMBER>311241495
<FISCAL-YEAR-END>0131
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>915 SECAUCUS RD
<CITY>SECAUCUS
<STATE>NJ
<ZIP>07094
<PHONE>2015582400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>915 SECAUCUS RD
<CITY>SECAUCUS
<STATE>NJ
<ZIP>07094
</MAIL-ADDRESS>
</ISSUER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>v145639_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2008-06-28</periodOfReport>

    <dateOfOriginalSubmission>2008-07-01</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001041859</issuerCik>
        <issuerName>CHILDRENS PLACE RETAIL STORES INC</issuerName>
        <issuerTradingSymbol>PLCE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001055164</rptOwnerCik>
            <rptOwnerName>SILVERSTEIN STANLEY</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O THE CHILDREN'S PLACE RETAIL STORES</rptOwnerStreet1>
            <rptOwnerStreet2>915 SECAUCUS ROAD</rptOwnerStreet2>
            <rptOwnerCity>SECAUCUS</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07094</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2008-06-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3143</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>391443</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2936880</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 Amendment amends the Form 4 filed with the Securities and Exchange Commission on July 1, 2008 (the &quot;Original Form
 4&quot;) by correcting a typographical error in the Original Form 4.</footnote>
        <footnote id="F2">The deferred stock awards were granted under the terms and provisions of the 2005 Equity Plan as amended on June 28, 2008,
 under which an equal number of shares of common stock will be deliverable upon the expiration of one year after the date of
 grant.</footnote>
        <footnote id="F3">Includes 386,443 shares held in Mr. Silverstein's own name and 5,000 shares held in Mr. Silverstein's profit sharing account.</footnote>
        <footnote id="F4">These are shares held by trusts or custodial accounts for the benefit of Mr. Silverstein's children and grandchildren of
 which Mr. Silverstein's wife is a trustee and as to which she has voting control. Mr. Silverstein disclaims beneficial
 ownership of these shares. This does not include any shares held by the Raine &amp; Stanley Silverstein Charitable Foundation.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Lenwood Ross, as Attorney-In-Fact for Stanley Silverstein</signatureName>
        <signatureDate>2009-04-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
