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Christopher & Banks Corporation (CBK)

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  • Dec. 14, 2011, 11:11 AM
    Christopher & Banks (CBK -3.2%) says it expects a loss for Q3, as aggressive sales markdowns to move seasonal inventory negatively impacted margins, leaving comparable store sales essentially flat for the quarter. The company also suspends its dividend due to the weak performance and plans to close about 100 stores. Separately, the company appoints Joel Waller as president for a one-year term.
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  • Nov. 11, 2011, 10:26 AM
    Shares of Christopher & Banks (CBK +6.3%) are on the rise after the women's apparel retailer announces cost-cutting steps: It will close about 100 of its 761 stores, accelerate plans to convert or consolidate existing locations into dual-format stores, and cut 7% of its corporate staff and 13% of its store operations field management team.
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  • Oct. 5, 2011, 4:33 PM
    Christopher & Banks (CBK) FQ2 beats on a per share basis, but revenues come in light on weaker sales due to heavy markdowns. The company also says it expects same-store sales to be in the flat-to-low single digits for the current quarter.
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  • Sep. 23, 2011, 11:08 AM
    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.
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  • Aug. 19, 2011, 2:17 PM
    More than half of retailers and restaurants with annual sales of $10M-$500M have raised prices during the past year, up from 32% a year ago, according to a Barlow Research survey. Most say they haven't received much pushback from customers, so price hikes likely will continue: 61% say they plan more increases during the next 12 months, vs. 41% a year ago.
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  • Jul. 1, 2011, 10:20 AM
    Christopher & Banks (CBK +12.9%) soars a day after beating Q1 estimates on lower sales, but a $43M unexpected profit. Sterne Agee maintains a Neutral rating, and a $7 price target on the company.
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  • Mar. 3, 2011, 3:24 PM
    February retail sales showed solid consumer spending, with both high- and low-end department stores faring well (interactive list) and full-price purchases boding well for spring merchandise. So if sales were so great, why are retail stocks (RTH) lagging today? Among the reasons: Fewer retailers are reporting monthly numbers - three biggies just stopped this month.
  • Sep. 24, 2009, 4:11 PM
    Christopher & Banks (CBK): Q2 EPS of -$0.06 beats by $0.08. Revenue of $101M (-21%) vs. $104M. (PR)
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  • Jun. 25, 2009, 7:43 AM
    Christopher & Banks (CBK): Q1 EPS of $0.05 beats by $0.10. Revenue of $120M (-22.5%) vs. $122M. (PR)
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  • Jan. 7, 2009, 4:32 PM
    Christopher & Banks (CBK): FQ3 EPS of -$0.04 beats by $0.05. Revenue of $143M (-7.9%) vs. $133M. (PR)
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  • Jun. 26, 2008, 2:36 AM
    Today's US earnings announcements after market close: ACN, CBK, EGLS, EXFO, FINL, DISK, PALM, PAYX, RFMI, SNX, TIBX.
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Company Description
Christopher & Banks Corp is a retailer of women's apparel and accessories, which operates retail stores through its wholly owned subsidiaries.
Sector: Services
Industry: Apparel Stores
Country: United States