<SUBMISSION>
<ACCESSION-NUMBER>0000914121-09-001086
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20090803
<FILING-DATE>20090805
<DATE-OF-FILING-DATE-CHANGE>20090805
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>DABAH RENEE
<CIK>0001272714
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-23071
<FILM-NUMBER>09985669
</FILING-VALUES>
</REPORTING-OWNER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>DABAH EZRA
<CIK>0001055163
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-23071
<FILM-NUMBER>09985670
</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
<SEQUENCE>1
<FILENAME>p17054718-4dabah_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-08-03</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001055163</rptOwnerCik>
            <rptOwnerName>DABAH EZRA</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>120 CENTRAL PARK SOUTH</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001272714</rptOwnerCik>
            <rptOwnerName>DABAH RENEE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>120 CENTRAL PARK SOUTH</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $0.10 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2009-08-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2451315</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>28.88</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2469538</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This is a joint filing by Ezra Dabah and Renee Dabah (the &quot;Reporting Persons&quot;). On August 3, 2009, pursuant to the
 securities purchase agreement by and between The Children's Place Retail Stores, Inc., a Delaware corporation (the
 &quot;Company&quot;), on the one hand, and the Reporting Persons and certain affiliated trusts, on the other hand (the
 &quot;Securities Purchase Agreement&quot;), the Reporting Persons and certain affiliated trusts sold 2,451,315 shares of
 Common Stock of $0.10 par value per share (the &quot;Common Stock&quot;), of the Company to the Company at a price of $28.88
 per share. Also, on August 3, 2009, Mr. Dabah resigned from his position as a director of the Company. (cont'd in fn 2)</footnote>
        <footnote id="F2">(cont'd from fn 1) As a result, the Reporting Persons may be deemed the beneficial owners of 2,469,538 shares of Common
 Stock, representing 8.3% of the total number of shares outstanding as of June 9, 2008. (cont'd in fn 3)</footnote>
        <footnote id="F3">(cont'd from fn 2) Mr. Dabah (i) has the sole power to vote or to direct the vote and to dispose or direct the disposition of
 679,818 of such shares (which includes 187,000 shares that are issuable upon the exercise of outstanding vested options and
 3,143 deferred shares scheduled to vest within 60 days of June 9, 2009), (ii) has shared power to vote or to direct the vote
 and to dispose or direct the disposition of 1,413,720 of such shares held by Mr. Dabah and others, as custodians or trustees
 for Mr. Dabah's children and certain other family members and (iii) has shared power to vote or to direct the vote and to
 dispose or direct the disposition of 376,000 of such shares held by Mr. Dabah and his wife as joint tenants with right of
 survivorship. (cont'd in fn 4)</footnote>
        <footnote id="F4">(cont'd from fn 3) Mrs. Dabah (i) does not have sole power to vote or to direct the vote or to dispose or direct the
 disposition of any of such shares, (ii) has shared power to vote or to direct the vote and to dispose or direct the
 disposition of 1,413,720 of such shares held by Mrs. Dabah and others, as custodians or trustees for Mrs. Dabah's children
 and certain other family members, (iii) has shared power to vote or to direct the vote and to dispose or direct the
 disposition of 376,000 of such shares held by Mrs. Dabah and her husband as joint tenants with right of survivorship and
 (iv) may be deemed to have shared power to vote or to direct the vote and to dispose or direct the disposition of 679,818 of
 such shares (which includes 187,000 shares that are issuable to Mrs. Dabah's husband upon the exercise of vested stock
 options and 3,143 deferred shares scheduled to vest within 60 days of June 9, 2009) owned by Mrs. Dabah's husband. (cont'd
 in fn 5)</footnote>
        <footnote id="F5">(cont'd from fn 4) The Reporting Persons are filing this joint Form 4 because they may be regarded as part of a group.
 However, each Reporting Person disclaims beneficial ownership of the shares owned by other persons and disclaims membership
 in a group, and this filing shall not constitute an acknowledgement that the Reporting Persons are part of a group.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ezra Dabah</signatureName>
        <signatureDate>2009-08-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Renee Dabah</signatureName>
        <signatureDate>2009-08-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
