Retailer Christopher & Banks (CBK -11.9%) gets hit after cutting its FQ2 forecast. It now...

|About: Christopher & Banks Corpora... (CBK)|By:, SA News Editor

Retailer Christopher & Banks (CBK -11.9%) gets hit after cutting its FQ2 forecast. It now sees a bigger loss between $0.37 and $0.39 on sales of $96.2M, versus expectations for an EPS loss of $0.21 on sales of $102M. The company says markdowns hurt margins as customers spurned incremental price increases.