Home / Knowledge / News / Apparel/Garments / Christopher & Banks reduces losses in Q2 FY'13
Christopher & Banks reduces losses in Q2 FY'13
10
Sep '13
 
Christopher & Banks Corporation a specialty women's apparel retailer, reported results for the thirteen week period ended August 3, 2013. 
 
 
Results for the Thirteen Week Period Ended August 3, 2013 
- Same-store sales increased 7.7%, as compared to the thirteen weeks ended August 4, 2012, during which the Company had an 8.9% same-store sales increase. 
- Net sales totaled $104.2 million, as compared to $103.4 million for the thirteen weeks ended July 28, 2012. - During the quarter, the Company operated an average of 8.8% fewer stores than during the comparable period last year, reflecting its store rationalization program. 
- Operating loss was seven hundred dollars, compared to an operating loss of $2.2 million for the thirteen weeks ended July 28, 2012, which included a $4.7 million pre-tax, non-cash restructuring credit, net of other costs. 
- Net loss totaled $265,000, or a $0.01 loss per share. Net loss for the thirteen weeks ended July 28, 2012 totaled $2.2 million, or a $0.06 loss per share, which included a $4.5 million, or $0.13 per share, credit related to the above-mentioned non-cash credit related to restructuring charges. 
 
LuAnn Via, President and Chief Executive Officer, commented, "We were pleased that for the quarter we were able to maintain our positive momentum, achieve solid financial results in a difficult retail environment and deliver our fifth consecutive quarter of positive same-store sales comps. We also exceeded our gross margin expectations and achieved our operating objectives.
 
"As we look to the second half of the year, we believe we are well positioned in our merchandising and marketing efforts, and our inventory levels remain fresh. We will also continue to build upon our strong foundation and refine our strategies as we gain greater insights into our customer in order to drive sustainable long-term sales and earnings growth."

 

 

Christopher & Banks


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives
Textile industry

GST has levelled the playing field to an extent

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search