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: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: B.Zhou / Shutterstock.com

Retail | On 27th Feb 2020

Retail brands restrict China operations amid COVID-19

The outbreak of COVID-19 is disrupting business dynamics in China....

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

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

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


February 2020

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


Advanced Search