<SUBMISSION>
<ACCESSION-NUMBER>0001144204-09-065067
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20091216
<FILING-DATE>20091217
<DATE-OF-FILING-DATE-CHANGE>20091217
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>KASAKS SALLY FRAME
<CIK>0001209292
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-23071
<FILM-NUMBER>091246458
</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>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v169284_ex.xml
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-12-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001041859</issuerCik>
        <issuerName>CHILDRENS PLACE RETAIL STORES INC</issuerName>
        <issuerTradingSymbol>PLCE</issuerTradingSymbol>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001209292</rptOwnerCik>
            <rptOwnerName>KASAKS SALLY FRAME</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>
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            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
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            <securityTitle>
                <value>Common Stock, par value $0.10 per share</value>
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            <transactionDate>
                <value>2009-12-16</value>
            </transactionDate>
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                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.52</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            </transactionAmounts>
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                    <value>7597</value>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.10 per share</value>
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            <transactionDate>
                <value>2009-12-16</value>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                <transactionPricePerShare>
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                    <value>D</value>
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            <securityTitle>
                <value>Common Stock, par value $0.10 per share</value>
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    <footnotes>
        <footnote id="F1">Includes 5,254 shares of Common Stock, par value $0.10 per share, underlying deferred stock awards that have not yet vested.</footnote>
    </footnotes>

    <remarks>Exhibit List

Exhibit 24.1 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ James E. Myers, as Attorney-In-Fact for Sally Frame Kasaks</signatureName>
        <signatureDate>2009-12-17</signatureDate>
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</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>v169284_ex24-1.htm
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  <head>
    <title>Unassociated Document</title>
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24.1</font></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">POWER
OF ATTORNEY</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 42pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Know all
by these presents, that the undersigned hereby constitutes and appoints each of
Susan J. Riley and James E. Myers her true and lawful attorney-in-fact
to:</font></div>
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      for and on behalf of the undersigned Schedules 13D and 13G, Form ID, and
      Forms 3, 4 and 5 in accordance with Sections 13 and 16(a) of the
      Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and the
      rules promulgated thereunder.</font></div>
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      and perform any and all acts for and on behalf of the undersigned which
      may be necessary or desirable to complete the execution of any such
      Schedules 13D or 13G, Form ID, and Forms 3, 4 or 5, and the timely filing
      of such schedules and forms with the United States Securities and Exchange
      Commission and any other authority;
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      any other action of any type whatsoever in connection with the foregoing
      which, in the opinion of such attorney-in-fact, may be of benefit to, in
      the best interest of, or legally required by, the undersigned, including,
      without limitation, the execution and filing of a Form 4 with respect to a
      transaction which may be reported on a Form 5, it being understood that
      the documents executed by such attorney-in-fact on behalf of the
      undersigned pursuant to this Power of Attorney shall be in such form and
      shall contain such terms and conditions as such attorney-in-fact may
      approve in his or her
discretion.</font></div>
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undersigned hereby grants to each such attorney-in-fact full power and authority
to do and perform all and every act and thing whatsoever requisite, necessary
and proper to be done in the exercise of any of the rights and powers herein
granted, as fully and to all intents and purposes as she might or could do in
person, with full power of substitution and resubstitution, hereby ratifying and
confirming all that such attorney-in-fact, or his or her substitute or
substitutes, shall lawfully do or cause to be done by virtue of this Power of
Attorney and the rights and powers herein granted.&#160;&#160;The undersigned
acknowledges that such attorneys-in-fact, in serving in such capacity at the
request of the undersigned, are not assuming any of the undersigned&#8217;s
responsibilities to comply with Sections 13 and 16 of the Exchange
Act.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 42pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
Power of Attorney shall remain in full force and effect until the undersigned is
no longer required to file any Schedules 13D and 13G and Forms 3, 4 and 5 in
accordance with Sections 13 and 16(a) of the Exchange Act and the rules
promulgated thereunder with respect to the undersigned&#8217;s holdings of and
transactions in securities issued by The Children&#8217;s Place Retail Stores, Inc.,
unless earlier revoked by the undersigned in a signed writing delivered to such
attorneys-in-fact.</font></div>
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WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 3<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">rd</font> day of
December 2009.</font></div>
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