Home / Knowledge / News / Apparel/Garments / Christopher & Banks Q4 FY'14 same store sales dip
Christopher & Banks Q4 FY'14 same store sales dip
13
Mar '14
Christopher & Banks Corporation, a specialty women's apparel retailer, reported results for the thirteen week and fifty-two week periods ended February 1, 2014. 
 
Results for the Thirteen Week Period Ended February 1, 2014 
Net sales totaled $104.9 million, as compared to $116.0 million in the fourteen weeks ended February 2, 2013. The fourteenth week in the fourth quarter of fiscal 2012 contributed approximately $5.1 million in net sales. During the quarter, the Company operated an average of 43, or 6.9%, fewer stores than during the comparable period last year. 
 
Same-store sales decreased 1.4% in the thirteen weeks ended February 1, 2014, as compared to the thirteen weeks ended February 2, 2013; this follows an 18.5% same-store sales increase in last year's fourth quarter. 
 
Operating loss totaled $0.5 million for the thirteen week period ended February 1, 2014. Operating loss was $4.0 million for the fourteen weeks ended February 2, 2013.
 
Net loss for the thirteen week period ended February 1, 2014 totaled $0.3 million, or a loss of $0.01 per share. Net loss for the fourteen weeks ended February 2, 2013 totaled $4.1 million, or a loss of $0.11 per share. 
 
LuAnn Via, President and Chief Executive Officer, commented, "Despite the negative sales impact from temporary store closings and challenging traffic trends caused by the multiple snow storms and arctic temperatures during the fourth quarter, we met our quarterly financial goals. We were very pleased with the strong customer response to our merchandise offering and marketing efforts on days that were not adversely affected by weather. 
 
Looking ahead, we remain focused on our key strategies, which include refining our merchandise assortment, maintaining healthy inventory levels, creating compelling marketing programs and capitalizing on our eCommerce site to drive incremental traffic and sales. In addition, we will continue to execute on our real estate plans designed to drive higher store sales productivity and four-wall operating profit. We look forward to building upon our momentum and believe that we are on track to deliver on our three-year growth plan." 
 
Results for the Fifty-Two Weeks Ended February 1, 2014 
Net sales totaled $435.8 million and same-store sales increased 8.1%, compared to the fifty-two week period ended February 2, 2013; this follows a 5.7% same-store sales increase for the fifty-three week period ended February 2, 2013. 

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search