<SUBMISSION>
<ACCESSION-NUMBER>0001144204-09-021247
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20090415
<FILING-DATE>20090417
<DATE-OF-FILING-DATE-CHANGE>20090417
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>FLAKS RICHARD
<CIK>0001256948
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-23071
<FILM-NUMBER>09757180
</FILING-VALUES>
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<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>
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<FILENAME>v146562_ex.xml
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

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    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001041859</issuerCik>
        <issuerName>CHILDRENS PLACE RETAIL STORES INC</issuerName>
        <issuerTradingSymbol>PLCE</issuerTradingSymbol>
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            <rptOwnerCik>0001256948</rptOwnerCik>
            <rptOwnerName>FLAKS RICHARD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
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            <rptOwnerStreet2>915 SECAUCUS ROAD</rptOwnerStreet2>
            <rptOwnerCity>SECAUCUS</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07094</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP, Planning, Allocation &amp; IT</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

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                <value>Common Stock, par value $0.10 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2009-04-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
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                </directOrIndirectOwnership>
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        <nonDerivativeTransaction>
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                <value>Common Stock, par value $0.10 per share</value>
            </securityTitle>
            <transactionDate>
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                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
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                </directOrIndirectOwnership>
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        <nonDerivativeTransaction>
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            </securityTitle>
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            <transactionCoding>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Lenwood Ross, as Attorney-In-Fact for Richard Flaks</signatureName>
        <signatureDate>2009-04-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
