Home / Knowledge / News / Apparel/Garments / Net sales down 6.33% in Q3 FY15 at Christopher & Banks
Net sales down 6.33% in Q3 FY15 at Christopher & Banks
11
Dec '15
Christopher & Banks, a US-based specialty retailer of women's apparel, reported a fall of 6.33 per cent in its net sales in the third quarter of fiscal 2015, which ended on October 31, according to a press statement released by the retailer.

Net sales for the third quarter of fiscal 2015 totalled $103.6 million as compared to $110.6 million in the third quarter of fiscal 2014 at Christopher & Banks.

Gross margin was recorded at 35.8 per cent in the third quarter of fiscal 2015 as compared to 39.5 per cent in the third quarter of fiscal 2014.

For the third quarter of fiscal 2015, net loss was $0.3 million or $0.01 per share. The net income recorded at the third quarter of fiscal 2014 was $9.0 million or $0.24 per diluted share.

Commenting on the results, LuAnn Via, president and CEO of Christopher & Banks said, “Our third quarter results were in line with our guidance, despite a continued difficult retail environment and unseasonably warm weather. Sales and gross margin met our expectations, and we ended the quarter with inventory down approximately 14 per cent on a per square foot basis as a result of highly disciplined inventory management.”

“Looking ahead, while we remain focused on these initiatives as well as driving improved productivity in our stores, we will also continue implementing our omni-channel strategy,” he informed.

For the fourth quarter of fiscal 2015, the company expects total net sales between $91 million and $95 million, as compared to net sales of $98 million in the fourth quarter last fiscal. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

New guidance for Vietnam's apparel and footwear industry

The Australian Human Rights Commission has released new human rights...

Pic: Shutterstock

Textiles | On 20th Apr 2021

Egypt ready for world's largest textile factory by March 2022

Egypt is going full throttle with the construction of a textiles...

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

COVID-19 lockdown halts garment production in parts of Cambodia

A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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


April 2021

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


Advanced Search