MINNEAPOLIS, June 24, 2021 (GLOBE NEWSWIRE) iMedia Brands, Inc. (“iMedia”) (Nasdaq: IMBI) announces its milestone progress in leveraging ShopHQ to accelerate the relaunch of the iconic 65-year-old Christopher & Banks brand (“CBK”) in the United States.
CBK (christopherandbanks.com) was founded in 1956 and is a brand that specializes in offering women’s value-priced apparel and accessories that cater to women of all sizes, from petite to missy to plus sizes. Its internally designed, modern and comfortable apparel and accessories provide customers with an exclusive experience. For fiscal 2019, CBK reported approximately $349 million in revenue, with approximately $79 million in digital-only revenue and approximately $269 million in brick-and-mortar retail and other revenue. For fiscal 2020, CBK reported approximately $171 million in revenue in the first nine months.
“Less than four months ago iMedia acquired this amazing brand that has over 1.5 million passionate and loyal customers,” said Tim Peterman, iMedia’s CEO. “I’m excited to report that our progress on the integration and relaunch of CBK has been swift and meaningful:
“Based on our above achievements,” continued Peterman, “along with our continued customer reactivation progress and our future planned growth initiatives, we are more excited than ever about the CBK opportunity.”
About iMedia Brands, Inc.
iMedia Brands, Inc. (Nasdaq: IMBI) is a leading interactive media company that owns a growing portfolio of lifestyle television networks, consumer brands, online marketplaces and media commerce services that together position the Company as a leading single-source partner to television advertisers and consumer brands seeking to entertain and transact with customers using interactive video.