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Christopher & Banks registers 13% rise in Aug sales
02 Sep '05
2 min read
Minneapolis-based apparel store Christopher & Banks Corporation reported total sales for the four-week period ended August 27, 2005 rose 13 percent to $33.6 million from $29.8 million last year, while same-store sales increased 1 percent.
For the second quarter ended August 27, 2005, total sales increased 15 percent to $110.8 million from $96.4 million last year, while same-store sales rose 3 percent. For the six months ended August 27, 2005, total sales increased 17 percent to $233.5 million from $199.0 million last year while same-store sales increased 3 percent. As of August 27, 2005, the Company operated 674 stores compared to 585 stores at August 28, 2004.
Bill Prange, Chairman and Chief Executive Officer, commented, "They are encouraged by the initial customer response to company new fall merchandise. Company inventory continues to be conservatively managed. They finished the quarter with a 4 percent decline in year-over-year in-store inventory per square foot and are well positioned for the fall selling season."
The Company plans to report second quarter results after the market closes on September 20, 2005.
Fashion conscious firm Christopher & Banks Corporation is a specialty retailer of women's clothing. In 1956, Gil Braun opened the first Brauns store in Minneapolis, Minnesota. Mr. Braun believed the keys to success were quality, value, and attention to each customer's needs. Although Mr. Braun has retired, his commitment to quality, value, and customer service continue.
The Company currently operates 674 women's specialty stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 487 Christopher & Banks stores, 166 C.J. Banks stores and 21 Acorn stores.
For the second quarter ended August 27, 2005, total sales increased 15 percent to $110.8 million from $96.4 million last year, while same-store sales rose 3 percent. For the six months ended August 27, 2005, total sales increased 17 percent to $233.5 million from $199.0 million last year while same-store sales increased 3 percent. As of August 27, 2005, the Company operated 674 stores compared to 585 stores at August 28, 2004.
Bill Prange, Chairman and Chief Executive Officer, commented, "They are encouraged by the initial customer response to company new fall merchandise. Company inventory continues to be conservatively managed. They finished the quarter with a 4 percent decline in year-over-year in-store inventory per square foot and are well positioned for the fall selling season."
The Company plans to report second quarter results after the market closes on September 20, 2005.
Fashion conscious firm Christopher & Banks Corporation is a specialty retailer of women's clothing. In 1956, Gil Braun opened the first Brauns store in Minneapolis, Minnesota. Mr. Braun believed the keys to success were quality, value, and attention to each customer's needs. Although Mr. Braun has retired, his commitment to quality, value, and customer service continue.
The Company currently operates 674 women's specialty stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 487 Christopher & Banks stores, 166 C.J. Banks stores and 21 Acorn stores.
Christopher & Banks Corporation
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