Document:

EXHIBIT 10.33

                                    AGREEMENT

         THIS AGREEMENT is made and entered into on May 14, 1999, by and between
THE SPORTS AUTHORITY, INC., a Delaware corporation ("TSA"), and GLOBAL SPORTS,
INC., a Delaware corporation ("Global").

         WHEREAS, Global desires that TSA enter into a certain E-Commerce
Venture Agreement (the "Venture Agreement") of even date with Global Sports
Interactive, Inc., a Pennsylvania corporation and wholly owned subsidiary of
Global ("GSI") regarding the formation and operation of TheSportsAuthority.com,
Inc., to be a Delaware corporation ("TSA.com"); and

         WHEREAS, GSI desires to enter into a certain E-Commerce Services
Agreement, referred to in the JV Agreement, to be between GSI and TSA.com (the
"Services Agreement"); and

         WHEREAS, TSA is willing to enter into the Venture Agreement only if
Global Agrees to be bound by certain provisions of the Venture Agreement and the
Services Agreement as if it were a party thereto;

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements set forth herein, the parties hereto do hereby agree as follows:

         1. JV AGREEMENT. For the benefit of TSA, Global hereby agrees to be
bound by and subject to all of the provisions of Sections 3.4, 3.7, 10.1 and
11.2, the last sentence of Section 2.21 and the last sentence of Section 6 of
the Venture Agreement as if it were GSI and a party thereto.

         2. SERVICES AGREEMENT. For the benefit of TSA.com, Global hereby agrees
to be bound by and subject to all of the provisions of Articles III, IV and VII
of the Services Agreement as if it were GSI and a party thereto.

         3. LICENSE AGREEMENT. For the benefit of TSA, Global hereby agrees to
be bound by and subject to the provisions of Article IV and Article 5.6(c) of
the License Agreement as if it were GSI and a party thereto.

         4. CHOICE OF LAW. This Agreement shall be construed, interpreted and
enforced under and in accordance with the laws of the State of Delaware.

         5. COUNTERPARTS. This Agreement may be executed in counterparts and
both such counterparts taken together shall be deemed to constitute the same
instrument.

<PAGE>

         IN WITNESS WHEREOF, the parties have caused their duly authorized
representatives to enter into this Agreement with intent to be legally bound
hereby, the date and year first above written.

                                            THE SPORTS AUTHORITY, INC.

                                            By /S/ MARTIN E. HANAKA
                                               ------------------------------
                                            Name:
                                                 ----------------------------
                                            Title:
                                                  ---------------------------

                                            GLOBAL SPORTS, INC.

                                            By /S/ MICHAEL G. RUBIN
                                               ------------------------------
                                            Name:
                                                 ----------------------------
                                            Title:
                                                  ---------------------------EXHIBIT 10.31

                 AMENDMENT NUMBER TWO DATED AS OF JUNE 15, 1999
              BETWEEN THE COMPANY AND FOOTHILL CAPITAL CORPORATION

      THIS AMENDMENT NUMBER TWO TO AMENDED AND RESTATED LOAN AND SECURITY
AGREEMENT ("Amendment") is entered into as of June 15, 1999, by and between
FOOTHILL CAPITAL CORPORATION, a California corporation ("Foothill"), and THE
CHILDREN'S PLACE RETAIL STORES, INC., a Delaware corporation ("Borrower"), in
light of the following:

      FACT ONE: Borrower and Foothill have previously entered into that certain
Amended and Restated Loan and Security Agreement, dated as of July 31, 1997, as
amended on February 22, 1999 (the "Agreement").

      FACT TWO: Borrower and Foothill desire to further amend the Agreement as
provided for and on the conditions herein.

      NOW, THEREFORE, Borrower and Foothill hereby amend and supplement the
Agreement as follows:

      1. DEFINITIONS. All initially capitalized terms used in this Amendment
shall have the meanings given to them in the Agreement unless specifically
defined herein.

      2. AMENDMENTS.

            Section 2.1(c) of the Agreement is amended to read as follows:

                  "(c) Foothill shall have no obligation to make advances
            hereunder to the extent they would cause the outstanding Obligations
            to exceed $40,000,000 (the "Maximum Amount"); provided, however,
            Borrower shall have the option to increase the Maximum Amount to
            $50,000,000 so long as (i) no Event of Default has occurred and is
            continuing and (ii) Borrower has EBITDA in excess of $40,000,000 for
            the most recent 12 months based upon the financial statements
            delivered to Foothill by Borrower pursuant to Section 6.4. Borrower
            shall have a period of 30 days from the date of delivery of its
            monthly financial statements to notify Foothill in writing of its
            decision to increase the Maximum Amount. Foothill shall increase the
            Maximum Amount five days after receipt of written notice from
            Borrower so long as the conditions set forth in this Section 2.1(c)
            have been met. Concurrent with Borrower's election to increase the
            Maximum Amount in accordance with this section, Borrower shall pay
            Foothill a line increase fee in the amount of $25,000."

            The dollar amount in Section 2.2(a)(ii) of the Agreement is
            increased to $30,000,000 from $20,000,000, and shall be further
            increased to $40,000,000 if Borrower elects to increase the Maximum
            Amount to $50,000,000 in accordance with Section 2.1(c) of the
            Agreement.

            The annual facility fee in Section 2.8 of the Agreement for July 31,
            1999, only, shall be an amount equal to 0.125% times $30,000,000.

            Section 3.3 of the Agreement is amended to read as follows:

                  "3.3 Term; Automatic Renewal. This Agreement shall become
            effective upon the execution and delivery hereof by Borrower and
            Foothill and shall continue in full force and effect for a term
            ending on July 31, 2002 (the "Renewal Date") and automatically shall
            be renewed for successive one year periods thereafter, unless sooner
            terminated pursuant to the terms hereof. Either party may terminate
            this Agreement effective on the Renewal Date or on any anniversary
            of the Renewal Date by giving the other party at least 90 days prior
            written notice by registered or certified mail, return receipt
            requested. The foregoing notwithstanding, Foothill shall have the
            right to terminate its obligations under this Agreement immediately
            and without notice upon the occurrence and during the continuation
            of an Event of Default."

            Section 6.13 of the Agreement is amended to read as follows:

                                       52
<PAGE>

            "6.13 Financial Covenants. Borrower shall maintain:

                  (a) Current Ratio. A ratio of Consolidated Current Assets
            divided by Consolidated Current Liabilities of at least the
            following, measured on a fiscal quarter-end basis:

                                                     Quarters
            Ratio                               Ending on or About
            -----                               ------------------

            1.0-1.0                        July 31, 1999 and thereafter

                  (b) Tangible Net Worth. Tangible Net Worth of not less than
            the following, measured on a fiscal quarter-end basis:

              Tangible                               Quarters
             Net Worth                          Ending on or About
             ---------                          ------------------

            $45,000,000                         April 30, 1999 and
                                                July 31, 1999
             57,000,000                         October 31, 1999
            $64,000,000                         January 31, 2000 and thereafter

                  (c) Working Capital. Working Capital of not less than the
            following, measured on a fiscal quarter-end basis:

                                                     Quarters
            Working Capital                     Ending on or About
            ---------------                     ------------------

            $20,000,000                         April 30, 1999
             15,000,000                         July 31, 1999
             20,000,000                         October 31, 1999
            $25,000,000                         January 31, 2000 and thereafter"

            Section 7.10 of the Agreement is amended to read as follows:

                  "7.10 Capital Expenditures. Make any capital expenditure, or
            any commitment therefor, where the aggregate amount of such capital
            expenditures (other than capital expenditures for the purchase of a
            new headquarters and distribution center for Borrower), made or
            committed for in each fiscal year ending on or about January 31
            commencing with 2000 is in excess of $55,000,000."

      Schedule 6.15 to the Agreement is replaced with Schedule 6.15 attached
hereto.

      3. REPRESENTATIONS AND WARRANTIES. Borrower hereby affirms to Foothill
that all of Borrower's representations and warranties set forth in the Agreement
are true, complete and accurate in all respects as of the date hereof."

      4. NO DEFAULTS. Borrower hereby affirms to Foothill that no Event of
Default has occurred and is continuing as of the date hereof.

      5. CONDITIONS PRECEDENT. The effectiveness of this Amendment is expressly
conditioned upon: (a) receipt by Foothill of an amendment fee in the amount of
$37,500 and (b) receipt by Foothill of an executed copy of this Amendment.

      6. COSTS AND EXPENSES. Borrower shall pay to Foothill all of Foothill's
out-of-pocket costs and expenses (including, without limitation, the fees and
expenses of its counsel, which counsel may include any local counsel deemed
necessary, search fees, filing and recording fees, documentation fees, appraisal
fees, travel expenses, and other fees) arising in connection with the
preparation, execution, and delivery of this Amendment and all related
documents.

                                       53
<PAGE>

      7. LIMITED EFFECT. In the event of a conflict between the terms and
provisions of this Amendment and the terms and provisions of the Agreement, the
terms and provisions of this Amendment shall govern. In all other respects, the
Agreement, as amended and supplemented hereby, (including Section 3.5) shall
remain in full force and effect.

      8. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any
number of counterparts and by different parties on separate counterparts, each
of which when so executed and delivered shall be deemed to be an original. All
such counterparts, taken together, shall constitute but one and the same
Amendment. This Amendment shall become effective upon the execution of a
counterpart of this Amendment by each of the parties hereto.

      IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first set forth above.

                                 FOOTHILL CAPITAL CORPORATION,
                                 a California corporation

                                 By:          /s/   Paul Chao
                                    ------------------------------------
                                 Title:    Assistant Vice President
                                       ---------------------------------

                                 THE CHILDREN'S PLACE RETAIL STORES, INC.,
                                 a Delaware corporation

                                 By:         /s/   Seth Udasin
                                    ------------------------------------
                                 Title:    Vice President & CFO
                                       ---------------------------------

                                       54

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