Christopher & Banks to Shutter 100 Stores, Cuts Workforce
Plymouth, MN–Christopher & Banks reported today that plans to shut 100 underperforming stores, reducing 7% of its corporate headquarters employees and cutting about 13% of its store operations...
View ArticleChristopher & Banks Swings into Wider Q3 Loss
Minneapolis—Christopher & Banks reported Thursday that it swung into a wider third quarter loss as expected, but not as bad as analysts had expected. For the quarter ended Nov. 26, the specialty...
View ArticleChristopher & Banks to Cut Prices after Poor Q4
Minneapolis—In the wake of an increased fourth quarter loss, Joel Waller, interim ceo at Christopher & Banks, vowed to “regain lost business” by cutting base merchandise retails by 20% this year....
View ArticleChristopher & Banks Swings into Wider Q1 Loss as Markdowns Mount
Minneapolis—Christopher & Banks slid into a wider first quarter loss Tuesday due to its turnaround strategy that includes “aggressive” markdowns on assortments. For the quarter ended April 28,...
View ArticleChristopher & Banks Rejects Takeover Bid, Adopts Poison Pill
Plymouth, MN—Responding to an unsolicited $64.2 million takeover bid from Aria Partners, Christopher & Banks’ board of directors today rejected the offer, saying it isn’t in the best interests of...
View ArticlePayless’ LuAnn Via to Helm Christopher & Banks
Plymouth, MN—Retail veteran LuAnn Via, who left her position as chief executive at Payless ShoeSource earlier this month, has been named president and chief executive at Christopher & Banks. Via is...
View ArticleChristopher & Banks Surprise: Posts First Profit in 10 Quarters
Plymouth, MN—Amid a turnaround after posting 10 consecutive quarters of losses, Christopher & Banks surprised Thursday by posting a third quarter profit. For the quarter ended Oct. 27, the company...
View ArticleBoasting Better Sales, Christopher & Banks Swings into Q1 Profit
Plymouth, MN—Saying that its turnaround strategy seems to be working and customers are responding well, Christopher & Banks today reported it swung into a first quarter profit, beating analysts’...
View ArticleChristopher & Banks Narrows Q2 Loss, Comp Sales Rise
Plymouth, MN—Christopher & Banks Corp. today reported a narrowed second quarter loss, a sales rise and lowered costs as the retailer’s turnaround effort continue. For the quarter ended August 3,...
View ArticleChristopher & Banks Q3 Profit Jumps, Beating Estimates
Minneapolis—Amid a turnaround push, Christopher & Banks Corp. today reported some success: the women’s specialty retailer’s third quarter profit was more than double last year, beating...
View ArticleChristopher & Banks Q4 Loss Narrows on Lowered Costs
Minneapolis—Even though many of its stores are located in the Midwest, which has had a particularly frigid winter so far, Christopher & Banks Corp. reported today its fourth quarter loss narrowed...
View ArticleChristopher & Banks Q1 Profit Tops Estimates
Minneapolis—Christopher & Banks Corp. today reported higher first quarter profits as expenses decreased and despite having fewer stores. For the quarter ended May 3, the women’s specialty retailer...
View ArticleChristopher & Banks Swings into Q2 Profit, Sales Increase
Plymouth, MN—Christopher & Banks beat expectations with its second quarter profit report Wednesday, more evidence that a transformation of merchandising and consolidation of stores is paying off...
View ArticleChristopher & Banks Celebrates Success in Following Consumer Insights
Minneapolis—Christopher & Banks said today that Oct. 6 will be the grand opening of 37 stores that reflect its retail strategy that combines missy, petite and women’s sizes—4 to 24—in one shopping...
View ArticleChristopher & Banks Q4 Shows Improvement Despite Earnings Miss
Plymouth, MN—Despite a decline in its sales, Christopher & Banks Corp. reported Tuesday that it swung into a fourth quarter profit aided by a tax gain. The results, however, missed analysts’...
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