Home / Knowledge / News / Apparel/Garments / Q2FY17 operating loss doubles at Christopher & Banks
Q2FY17 operating loss doubles at Christopher & Banks
31
Aug '16
Courtesy: Christopher & banks
Courtesy: Christopher & banks
Operating loss more than doubled at women's specialty retailer Christopher & Banks to $3.8 million in the three months ended July 30, 3016 as against an operating loss of $1.7 million in the second quarter of fiscal 2016. Net loss too climbed higher at $3.9 million compared to a net loss of $0.7 million in the previous fiscal's second quarter.

For the second quarter of fiscal 2017, sales reached $89.9 million, down 4.3 per cent year on year, while comparable sales also dropped 5.8 per cent vis-à-vis a 12.4 per cent decline in the same period last fiscal.

However, gross margin increased to 33.5 per cent of net sales in the reporting quarter, an expansion of 60 basis points over the fiscal ago quarter.

Cash, cash-equivalents and investments totaled $28.1 million as of July 30, 2016, while inventory per square foot, excluding in-transit and ecommerce inventory rose around 3.1 per cent year over year to $17.53 per square foot. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
February 2017

February 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