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      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
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      D.C. 20549</strong></font></div>
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      8-K</strong></font></div>
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      REPORT</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
      TO SECTION 13 OR 15 (D)</strong></font></div>
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      THE
      SECURITIES EXCHANGE ACT OF 1934</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
                of Report (date of earliest event reported) </font></div>
            </td>
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                23, 2005</font></div>
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      CHILDREN&#8217;S PLACE RETAIL STORES, INC.</strong></font></div>
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      Name of Registrant as Specified in its Charter)</font></div>
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                Number)</font></div>
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            <td valign="top" width="30%">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">915
                Secaucus Road, Secaucus, New Jersey</font></div>
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                of principal executive offices)</font></div>
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                Code)</font></div>
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            <td align="right" valign="top" width="22%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
                Telephone Number, including area code:</font></div>
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            <td align="left" valign="top" width="22%">&#160;</td>
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                Applicable</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 72pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
                name or former address, if changed since last
                report)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
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                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
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            <td align="left" valign="top" width="5%">
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                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
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        <div style="WIDTH: 100%" align="left">
        </div>
      </div>
    </div><br><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01 Entry into a Material Definitive Agreement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>2005
      Equity Incentive Plan</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      June
      23, 2005, at the Annual Meeting of Stockholders of The Children&#8217;s Place Retail
      Stores, Inc. (the &#8220;Company&#8221;), the Company&#8217;s stockholders approved the adoption
      of the 2005 Equity Incentive Plan (the &#8220;2005 Plan&#8221;). After the Annual Meeting of
      Stockholders on June 23, 2005, the Compensation Committee of the Company&#8217;s Board
      of Directors (the &#8220;Compensation Committee&#8221;) approved the following amendments to
      the 2005 Plan: (i) awards granted under the 2005 Plan that are based solely
      on
      continued employment or service shall have a minimum vesting period of three
      years from the date of grant; (ii) awards granted under the 2005 Plan that
      are
      based on achievement of pre-established corporate or individual performance
      objectives shall have a minimum vesting period of one year from the date of
      grant; and (iii) each non-employee director shall receive a grant of options
      to
      purchase 15,000 shares (rather than stock appreciation rights) on the date
      of
      his or her initial election to the Board of Directors and options to purchase
      6,000 shares (rather than stock appreciation rights) on the last day of each
      fiscal year. A description of the 2005 Plan (other than the amendments described
      above) is incorporated herein by reference to the Company&#8217;s Proxy Statement,
      which was filed with the Securities and Exchange Commission on May 13, 2005
      (a
      copy of which is filed herewith as Exhibit 10.1). A complete copy of an Amended
      and Restated 2005 Equity Incentive Plan reflecting the amendments approved
      by
      the Compensation Committee and described above is filed herewith as Exhibit
      10.2.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Base
      Salary</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      June
      23, 2005, the Compensation Committee approved an increase in the annual base
      salary of Ezra Dabah, the Company&#8217;s Chairman and Chief Executive Officer, to
      $950,000. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01 Financial Statements and Exhibits</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <table cellpadding="0" cellspacing="0" id="list" width="100%">

        <tr valign="top" style="LINE-HEIGHT: 1.25">
          <td align="right" style="WIDTH: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits:
              </font></div>
          </td>
        </tr>

    </table>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td style="WIDTH: 36pt">&#160;</td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Description
                of 2005 Equity Incentive Plan from Proxy Statement filed on May 13,
                2005</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
                and Restated 2005 Equity Incentive Plan of The Children's Place Retail
                Stores, Inc.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the Securities Exchange Act of 1934, the Company has duly caused this report
      to be signed on its behalf by the undersigned hereunto duly
      authorized.</font></div>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
              CHILDREN&#8217;S PLACE RETAIL STORES, INC.</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Steven
              Balasiano</font></td>
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              Steven Balasiano</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
              Senior Vice President, General Counsel and Chief Administrative
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            <td colspan="2"><font size="2">Dated: June 29, 2005</font></td>
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{"company-data": {"conformed-name": "CHILDRENS PLACE RETAIL STORES INC", "cik": "0001041859", "assigned-sic": "5651", "irs-number": "311241495", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23071", "film-number": "05925734"}, "business-address": {"street1": "915 SECAUCUS RD", "city": "SECAUCUS", "state": "NJ", "zip": "07094", "phone": "2015582400"}, "mail-address": {"street1": "915 SECAUCUS RD", "city": "SECAUCUS", "state": "NJ", "zip": "07094"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      D.C. 20549
________________
FORM
      8-K
CURRENT
      REPORT
PURSUANT
      TO SECTION 13 OR 15 (D)
OF
      THE
      SECURITIES EXCHANGE ACT OF 1934
Date
                of Report (date of earliest event reported)
June
                23, 2005
THE
      CHILDREN'S PLACE RETAIL STORES, INC.
(Exact
      Name of Registrant as Specified in its Charter)
Delaware
0-23071
31-1241495
(State
                or other jurisdiction
(Commission
(IRS
                Employer ID
of
                incorporation)
File
                Number)
Number)
915
                Secaucus Road, Secaucus, New Jersey
07094
(Address
                of principal executive offices)
(Zip
                Code)
Registrant's
                Telephone Number, including area code:
(201)558-2400
Not
                Applicable
(Former
                name or former address, if changed since last
                report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
o
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
o
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
o
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))
o
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c)
Item
      1.01 Entry into a Material Definitive Agreement
2005
      Equity Incentive Plan
On
      June
      23, 2005, at the Annual Meeting of Stockholders of The Children's Place Retail
      Stores, Inc. (the "Company"), the Company's stockholders approved the adoption
      of the 2005 Equity Incentive Plan (the "2005 Plan"). After the Annual Meeting of
      Stockholders on June 23, 2005, the Compensation Committee of the Company's Board
      of Directors (the "Compensation Committee") approved the following amendments to
      the 2005 Plan: (i) awards granted under the 2005 Plan that are based solely
      on
      continued employment or service shall have a minimum vesting period of three
      years from the date of grant; (ii) awards granted under the 2005 Plan that
      are
      based on achievement of pre-established corporate or individual performance
      objectives shall have a minimum vesting period of one year from the date of
      grant; and (iii) each non-employee director shall receive a grant of options
      to
      purchase 15,000 shares (rather than stock appreciation rights) on the date
      of
      his or her initial election to the Board of Directors and options to purchase
      6,000 shares (rather than stock appreciation rights) on the last day of each
      fiscal year. A description of the 2005 Plan (other than the amendments described
      above) is incorporated herein by reference to the Company's Proxy Statement,
      which was filed with the Securities and Exchange Commission on May 13, 2005
      (a
      copy of which is filed herewith as Exhibit 10.1). A complete copy of an Amended
      and Restated 2005 Equity Incentive Plan reflecting the amendments approved
      by
      the Compensation Committee and described above is filed herewith as Exhibit
      10.2.
Base
      Salary
On
      June
      23, 2005, the Compensation Committee approved an increase in the annual base
      salary of Ezra Dabah, the Company's Chairman and Chief Executive Officer, to
      $950,000.
Item
      9.01 Financial Statements and Exhibits
(c)
Exhibits:
10.1
Description
                of 2005 Equity Incentive Plan from Proxy Statement filed on May 13,
                2005
10.2
Amended
                and Restated 2005 Equity Incentive Plan of The Children's Place Retail
                Stores, Inc.
SIGNATURES
Pursuant
      to the Securities Exchange Act of 1934, the Company has duly caused this report
      to be signed on its behalf by the undersigned hereunto duly
      authorized.
THE
              CHILDREN'S PLACE RETAIL STORES, INC.
By:
/s/ Steven
              Balasiano
Name:
              Steven Balasiano
Title:
              Senior Vice President, General Counsel and Chief Administrative
              Officer
Dated: June 29, 2005