Home / Knowledge / News / Apparel/Garments / Christopher & Banks records decline in sales
Christopher & Banks records decline in sales
10
Mar '08
Christopher & Banks Corporation reported February and fiscal fourth quarter sales results.

For the four-week period ended March 1, 2008 total sales were $29.5 million compared to $35.0 million for the five-week period ended March 3, 2007. February same-store sales for the four weeks ended March 1, 2008 are compared to the four-week period ended March 3, 2007. On this basis, same-store sales for the four-week period ended March 1, 2008 declined 5%.

Total sales for the fourth quarter ended March 1, 2008, which included 13 weeks, were $125.2 million compared to $134.0 million for the quarter ended March 3, 2007, which was a 14 week period. Same-store sales for the fourth quarter of fiscal 2008 declined approximately 3.5% compared to the same 13 week period last year.

Total sales for the 52 week period ended March 1, 2008 were $575.7 million compared to $547.3 million for the 53 week period ended March 3, 2007. Same-store sales increased 1% for the fiscal year ended March 1, 2008 compared to the same 52 week period last year. As of March 1, 2008, the Company operated 837 stores compared to 778 stores as of March 3, 2007.

The Company also announced that it launched separate e-commerce websites for its Christopher & Banks and C.J. Banks brands in February 2008.

Lorna Nagler, President and Chief Executive Officer, commented, “February results were disappointing as customer traffic continued to be light. Our inventories have been conservatively managed and we believe we are well positioned to begin our new fiscal year. We are pleased to have launched our Christopher & Banks and C.J. Banks e-commerce websites in February and look forward to using this channel to gain incremental sales.”


Must ReadView All

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Amit Jain
Shingora Textiles Ltd

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

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search