<Page> EXHIBIT 21.1 THE CHILDREN'S PLACE RETAIL STORES, INC. SUBSIDIARIES OF THE COMPANY The Children's Place Retail Stores, Inc. has the following wholly owned subsidiaries: TCPIP, Inc., a Delaware Corporation. The Children's Place (Hong Kong) Limited, a Hong Kong Corporation. thechildrensplace.com, inc., a Delaware Corporation. The Children's Place (Australia) Pty.Ltd., an Australian Corporation. The Children's Place (Virginia), a Virginia Corporation. TCP Canada, Inc., a Nova Scotia Limited Liability Company. TCP Resources, LLC, a Delaware Limited Liability Company. 44