<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), Inc., a Virginia Corporation. TCP Canada, Inc., a Nova Scotia Limited Liability Company. TCP Resources, LLC, a Delaware Limited Liability Company. The Children's Place Canada Holdings, Inc., a Delaware Corporation. TCP Investment Canada I Corp., a Nova Scotia Unlimited Liability Company. TCP Investment Canada II Corp., a Nova Scotia Unlimited Liability Company. The Children's Place (Canada), LP, an Ontario Limited Partnership.